Pace lifts full year guidance

Shares of set-top box technology firm Pace surged 13 per cent after it reported a decline in half year profit but increased its guidance for the full year as supply disruption stabilised.

Shares of set-top box technology firm Pace surged 13 per cent after it reported a decline in half year profit but increased its guidance for the full year as supply disruption stabilised.

Profit before tax for the 6 months ended 30 June 2012 fell to $21.4m compared to $29.4m in the same half a year earlier. Revenue for the period fell to $1.01bn from $1.2bn in line with management expectations.

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