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Kudelski continues strong performance

The broadcast technology group, Kudelski, announced on Tuesday that its first half net income rose by 125 per cent over the previous year to SFr23.7 million ($13.6 million).

The company said the increase was the fruit of strong sales efforts over preceding years.

Kudelski, based near Lausanne, said it expected growth to remain strong in the second half of the year.

The company said expansion would be led by its Nagravision division which makes software for digital pay-television broadcasters. New contracts have already been signed with TV Cabo in Portugal, AmericaTV in South America and PMSI in the Phillippines.

Earlier this month, Kudelski raised its share capital to around SFr500 million and a ten for one share split took effect in August.

The Kudelski family owns 37 per cent of the capital and 65 per cent of the company’s votes. Dassault of France has a seven per cent stake.

Shares in Kudelski have outperformed the Swiss Performance Index by more than 300 per cent over the past 12 months.

swissinfo with agencies

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR