Pace Micro Technology has issued its second positive trading statement in recent weeks. The digital TV technology developer said it expected its shorted financial year to December 31 to be significantly ahead of the current £8 million (€10.88m) projected pre-tax profits. There was no indication on the preliminary financial results for the year ended June 2 due for publication on July 24.
Saltaire-based Pace said it has revised full year pre-tax profits as a result on further progress on product approvals from its US customer based and an anticipated increase in volumes from an unnamed US customer.