Evertz finishes fiscal 2013 with 8.6% increase in net profit

BURLINGTON, ON – Broadcast gear manufacturer Evertz Technologies reported an increase of 7.8% in revenues for fiscal year 2013, despite a 14.2% decrease in revenues in the fourth quarter. Sales for the year ended April 30, 2013 were $316.3 million, an increase of $22.9 million or 7.8% compared to $293.4 million for the prior year. The United States/Canada regions also saw an increase of $23.3 million or 15.6% when compared to the prior year, and the international region was consistent at $143.1 million compared to $143.5 million in the prior year. Fourth-quarter sales of consolidated revenue, however, were at $65.4...