CAMBRIDGE, U.K. -- Amino Technologies plc ("Amino" or the "Company"; stock code: AMO), the Cambridge-based leader in digital entertainment solutions for IPTV, OTT and in-home multimedia distribution, announces audited results for the year ended 30 November 2012 which demonstrate strong growth in profitability and cash.
- Gross profit up 20.8% to £17.5m (2011: £14.5m)
- Underlying Gross margins up 9.3 percentage points to 42.0% (2011: 32.7%)
- EBITDA of £6.2m, an increase of 42.2% (2011: £4.4m)
- Operating profit of £2.8m (2011: loss of £0.6m)
- Underlying revenue down 6.1% to £41.7m (underlying 2011: £44.4m; reported 2011: £51.8m) reflecting continued focus on profitability
- Year-end net cash 21.3% higher at £17.1m (2011: £14.1m)
- Proposed final dividend of 3p, an increase of 50% (2011: 2p) with an expectation of continued dividend growth of no less than 15 per cent per annum for each of the next two years Operational highlights:
- Strong focus on operational management
Improved execution delivered by new, refreshed management team
Strong working relationships maintained with supply chain partners
Primary technology facility located in the Cambridge area from 2013 to achieve productivity improvements
- Strengthening the Amino product range
Innovative new products launched
More focused portfolio range proving key differentiator against competitors
Aminet software stack now integrated across entire product range
Technology roadmap to ensure faster development of market-leading solutions
- Continued delivery to existing and new markets
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