July 28 British set-top box maker Pace Plc
said it expected full-year profit and cash flow to
exceed previous guidance, driven by new product launches and
The company, whose customers include Sky Deutschland AG
and AT&T Inc, said its operating margin for
2014 was expected to be no less than 8.5 percent, a rise from
7.8 percent in 2013.
Cash flow was projected at more than $200 million, an
increase from the previous estimate of more than $185 million.
The company reiterated its full-year revenue guidance of
about $2.7 billion, compared with $2.47 in 2013.
The Yorkshire-based company's revenue fell 13.6 percent in
the first half ended June 30, while gross profit rose 5.4
percent to $245.8 million.
Pace announced an interim dividend of 2.25 cents per share,
up from 1.83 cents a year earlier.
(Reporting by Noor Zainab Hussain; Editing by Ted Kerr)