Pace Micro Technology, a supplier of set-top boxes to pay-TV satellite operators, reported an increase in profits before tax for the year ended June 4. The company posted profits before tax of 8.1 million pounds ($14.2 million), up 25 percent from 5.9 million pounds ($10.4 million) in profits a year ago.

Pace achieved full year revenues of 253.3 million pounds ($445.0 million), an increase of more than 5 percent compared to last year.

“There will be an uneven distribution of revenues between the first and second halves of the year, as deliveries on our new U.S. and European business start at the end of calendar 2005 and grow in 2006,” Michael Bett, Pace’s chairman said about financial expectations for the coming year. “With first half results expected to be below break-even, second half revenues for the next year are expected to be significantly ahead of first half revenues.”