Manufacturer Leitch Technology's second-quarter losses have increased. The company revealed that it lost $6.4m in the three-month period ending 31 October, the second quarter of the Canada-based firm's 2004 financial year. In the 2002 period, Leitch lost $3.4m, which includes a restructuring charge. Revenues fell 20% in the quarter to $36.4m from $45.7m a year earlier. At the end of the quarter, Leitch had $30.6m in cash reserves, up from $15.1m at the end of the first quarter. Leitch equipment is installed at several broadcasters in the UK including the BBC, CNN and BSkyB.
Manufacturer Leitch Technology's second-quarter losses have increased. The company revealed that it lost $6.4m in the three-month period ending 31 October, the second quarter of the Canada-based firm's 2004 financial year. In the 2002 period, Leitch lost $3.4m, which includes a restructuring charge. Revenues fell 20% in the quarter to $36.4m from $45.7m a year earlier. At the end of the quarter, Leitch had $30.6m in cash reserves, up from $15.1m at the end of the first quarter. Leitch equipment is installed at several broadcasters in the UK including the BBC, CNN and BSkyB.
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