StockMarketWire.com - Software provider for digital television operators Mirada swung to a modest first-half profit, thanks to a gain on the sale of its Miranda Direct business.

Pre-tax profit for the six months through September amounted to $98k, compared to a loss of $2.32m on-year, and included a $1.70m gain on the asset sale.

Operating losses amounted to $1.61m, compared to operating losses of $1.97m on-year.

Revenue rose 6% to $5.93m.

'The subscriber base of Mirada's customers is growing strongly, while the group continues to add new networks to its client base,' chief executive Jose Luis Vazquez said.

'We are currently participating in pitching processes for several prospects and are increasing our pipeline of opportunities with the aim of further growing our list of satisfied business partners and customers.'

'Together, these positive developments provide considerable confidence going forward.'

'We are pleased to report that we are trading in line with market expectations and we look forward to the remainder of our financial year with confidence.'



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