Vecima net profit higher in Q2 2014 despite revenue drop

VICTORIA B.C. – A %8 decrease in revenue for Vecima Networks’ second quarter of 2014 did not appear to affect the company’s net profits, which increased by %25 to $11.4 million.For the three months ended December 31, 2013, the broadband equipment provider reported revenue of $21.6 million, down from $23.5 million in the same period in 2012. Adjusted EBITDA in Q4 grew to $4.9 million from $3.9 million compared to the same quarter in 2012.Terrace Family sales increased to $6.6 million, an increase from the $5.3 million in Q3 2013. As the company’s cable clients transition to all-digital networks, Vecima...