AMO.L Share News (AMO)

LONDON (Dow Jones)--Amino Technologies PLC (AMO.LN), a Cambridge-based digital entertainment solutions company, said Tuesday that it made pretax loss of GBP0.94 million for the half year ended May 31, compared with GBP3.56 million, adding that the company's performance was in line with management forecasts for the full year. MAIN FACTS: -41.7% increase in revenue to GBP18.14 million versus GBP12.80 million -18.5% increase in gross profit to GBP5.38 million versus GBP4.54 million -Order book of 250,000 units versus 8,000 units representing revenue of GBP21 million giving strong revenue visibility into H2 -Operating costs reduced by GBP1.78 million to GBP6.35 million versus GBP8.13 million -Operating loss after exceptional costs reduced by GBP2.63 million to GBP0.97 million versus loss of GBP3.60 million -Net cash balances of GBP13.13 million -Total shipments up 47% to 243,000 with MPEG-4 shipments up 325% compared to H1, 2009, representing 79% versus 36% of shipments in the period -Shares at 0700 GMT up 3.50 pence, or 8.54%, at GBP44.50 pence, valuing the company at GBP25.75 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires July 27, 2010 03:07 ET (07:07 GMT)