Set-top maker signals growth

Joseph Millis
TV SET-TOP maker Pace yesterday announced that it boosted profit projections for 2014, in a sign that it was continuing to shore up its position in the video and digital entertainment world.

Pace said full-year profit would be up by a quarter from 2013, to $240m (£158m), and that revenues would be boosted by six per cent to $2.6bn.

It expects its underlying operating margin to be at least 9.2 per cent, up from 7.8 per cent in 2013.