The arrival of digital TV has helped Pace Micro Technology go against the stock market tide to promise higher than forecast profits.
Pace, which makes set-top boxes for both terrestrial and satellite digital TV services, said pre-tax profits for the six months to October will would exceed the #7 million forecasted by analysts.
This statement comes at a time when listed companies in areas suffering economic downturns have been firing off profit warnings.
However Pace has not been without its difficulties. The uncertainty of digital TV's success, coupled with legal wranglings over technology licensing, has seen its share prices jitter. The west Yorkshire based company now believes, however, that it has a healthy future ahead.
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