Cable / Telecom News

Tri-Vision profit shrinks

TORONTO – V-Chip patent holder and cable industry supplier Tri-Vision International reported higher costs and lower second quarter profit last week. Revenue in the quarter was $1.6 million, down from $2.1 million as compared to Q2 last year. Gross profit for the second quarter of fiscal '07 was $189,205, well off the $1.2 million in Q2 '06. The determining factor is a growing cost of sales, a number which stood at $1.4 million over the three month period, as compared to $891,000 during last year's quarter. Net loss was $1 million, as compared to net income of $14,260 in Q2...