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Set-top box maker Pace expects growth in 2015

Tue, 03rd Mar 2015 07:23

March 3(Reuters) - British set-top box maker Pace Plc said it expected revenue for 2015 to be about $2.75billion, with adjusted EBITA around $255 million.

Analysts on average expect revenue of about $2.74 billionfor the full-year ended Dec. 2015, according to Thomson ReutersI/B/E/S.

The company, whose three major customers are Comcast Corp, AT&T Inc and DirecTV, said full yearpretax profit rose 34.3 percent to $175.7 million for the yearended Dec. 31.

The TV decoder maker said revenue rose 6.1 percent to $2.62billion. (Reporting by Noor Zainab Hussain in Bengaluru; Editing byAnupama Dwivedi)


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