Netgem posts €19.8m Q2 revenues

French STB manufacturer Netgem has posted revenues of €19.8 million in the second quarter, up from €17.6 million in the same period last year. International sales grew to €13.3 million from €7.5 million, but sales in France fell to €6.4 million from €10.1 million.

The Group recorded a current operating profit of €5.0 million for the first half of 2012, representing 13 per cent of revenue.

In a statement, Netgem said tthe connected television market continues to show high growth potential globally and reaffirmed its objective to double international sales between 2011 and 2014