March 8, 2011 / 9:25 PM / in 7 years

UPDATE 1-Evertz Technologies Q3 profit rises

* Q3 EPS C$0.32 vs C$0.16 last yr

* Q3 rev up 26 pct to C$83.2 mln (Follows alerts)

March 8 (Reuters) - Evertz Technologies Ltd , a Canadian broadcast equipment company, posted a higher quarterly profit, helped by a 44 percent rise in sales in the United States and Canada.

For the November-January quarter, the company earned C$23.6 million, or 32 Canadian cents a share, compared with C$11.7 million, or 16 Canadian cents a share, last year.

Sales rose 26 percent to C$83.2 million, helped by an increase of C$14.9 million in the United States and Canada region, the company said in a statement.

Evertz, which makes audio and video infrastructure equipment for the broadcast and film industry, has operations in Croatia, Dubai, Hong Kong, the UK and the United States.

The 45-year-old company’s shares, which have gained about 40 percent in the last one year, closed at C$19.11 on Tuesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Jarshad Kakkrakandy)

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