Amino Expects to Turn a Profit

Amino Technologies provides an update on trading for the year ended Nov. 30, 2012

December 4, 2012

1 Min Read

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, provides the following update on trading for the year ended 30 November 2012.

The Company expects to deliver a profit for the year in line with market expectations as a result of the Board's ongoing focus on operational performance and continued success in delivering gross margin improvements. Revenues are expected to be approximately £41 million as management continued to focus on executing only high margin, cash generative business. Consequently, cash conversion was strong with an improved net cash balance of £17.1m (FY 2011: £14.1m) even after a £1.0m dividend payment.

"Amino's focus on profitable growth has delivered good results. The Company's strong cash conversion and cash position underpins the announced multi-year progressive dividend policy. This improved performance is testimony to the focused hard work of the new management team, which has created a strong platform for additional contract wins and profitable growth in the coming year," said Keith Todd CBE, Non-Executive Chairman.

Amino Technologies plc (London: AMO)

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