7th Jan 2010 07:00
Pace plc Post Period End Update
Saltaire, West Yorkshire, UK, 07 January 2010: Pace plc (PIC.L), the leading independent developer of digital TV technologies for the global payTV industry, is pleased to report that the Company is on target to meet management expectations for the twelve months ended 31 December 2009.
Neil Gaydon, Chief Executive Officer commented: "2009 was a record year for Pace with excellent growth in shipments, revenue and profitability as we delivered against our strategic, commercial and operational targets. We also continued our careful management of the balance sheet, closing the year with a positive net cash balance of over £70m."
Pace will announce its Preliminary financial results for the twelve months ended 31 December 2009 on Tuesday 2 March 2010.
-ends-
For further information, please contact:
|
Pace plc |
+44 (0) 1274 532000 |
|
Helen Kettleborough |
|
|
Brunswick Group LLP |
+ 44 (0) 207 404 5959 |
|
Jonathan Glass/Aideen Lee |
About Pace plcPace plc (LSE:PIC) is a leading technology developer for the global payTV industry, working across satellite, cable, IPTV and terrestrial platforms. Pace has one of the world's most experienced specialist engineering teams, developing intelligent and innovative products and services for both payTV operators and retail markets across the world.
Pace employs over 1000 people in locations around the world, including France, the USA, India and China. Pace's international headquarters are in Saltaire, West Yorkshire, UK. For more information on Pace, please visit www.pace.com.
Related Shares:
PIC.L