Information  X 
Enter a valid email address

Amino Technologies (AMO)

  Print      Mail a friend

Thursday 06 June, 2013

Amino Technologies

Period-end Trading Update

RNS Number : 4069G
Amino Technologies PLC
06 June 2013
 



6 June 2013

 

Amino Technologies plc

 

Period-end Trading Update

 

Amino Technologies plc ("Amino" or the "Company": stock code: AMO), the Cambridge-based leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, today provides the following update for the six months ended 31 May 2013.

 

The Board is pleased to announce that the Company continues to perform in line with expectations and expects to deliver a profit in the first half of the year which is significantly ahead of the prior year (H1 2012: £0.2m).  This results from the phasing and mix of H1 trading compared to the prior year and continued strong margins, together with the added benefit of previously announced duties rebates of £1.7m.  Revenue remains in line with the prior year and the cash balance remains strong at £18.2m (31 May 2012: £13.9m) even after allowing for the progressive dividend payment policy.

 

The Company will announce its interim results on Monday 15th July 2013.

 

 

For further information please contact:

 

Amino Technologies:

+44 (0)1954 234100

Keith Todd CBE, Non Executive Chairman

www.aminocom.com

Don McGarva, Chief Executive Officer


Julia Hornby, Chief Financial Officer




FTI Consulting:

+44 (0)20 7831 3113

Matt Dixon / Chris Lane / Lucy Delaney




finnCap Limited

+44 (0)20 7600 1658

Marc Young / Charlotte Stranner - Corporate Finance


Brian Patient / Tom Jenkins - Corporate Broking


 

 

Ends


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSSWFMIFDSEFM

a d v e r t i s e m e n t