Evertz Technologies profit rises on international sales
Sept 13 |
Sept 13 (Reuters) - Canadian broadcast equipment maker Evertz Technologies Ltd reported a 41 percent rise in quarterly profit on higher international sales.
First-quarter net income rose to C$24.8 million, or 34 Canadian cents per share, from C$17.6 million, or 23 Canadian cents per share, a year earlier.
Revenue for the Burlington, Ontario-based company jumped 28 percent to C$96 million.
International revenue rose 23 percent to C$36.6 million.
Evertz's purchase order backlog at the end of August was more than C$40 million.
The company's shares were up 2.6 percent at C$13.88 in afternoon trade on the Toronto Stock Exchange on Thursday.
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