By Aled Herbert, 5 July 1999 13:27
NEWS Pace Micro Technology, a UK producer of digital television decoders, has announced that lower digital revenues will force its profit margins down during the coming year. Although the company announced annual pre-tax profits of £15.1m compared with a loss of £12.1m for the previous year, revenues slipped to £182.8m from £184m - a reflection of the ongoing switch from analogue to digital products, according to the firm. Pace also said unit sales for its digital boxes grew by 30 per cent. Pace is a partner to rival digital services, Sky Digital and ONdigital, as well as supplying set-top boxes to all three major UK cable broadcasters - Cable and Wireless Communications, Telewest and NTL.
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