LONDON (Alliance News) - Amino Technologies PLC on Thursday said it traded in line with revised market expectations in its year to end-November, and again confirmed its progressive dividend policy of at least 10% growth per year.
Amino provides software and hardware for over-the-internet broadcasting. In October the company issued a profit warning in relation to a shortfall of revenue during its second half, warning its profit before tax and exceptional items would be lower than expected for the year.
The company said Thursday that its trading for the year was in line with these revised expectations. Since giving the profit warning in October the company restructured its sales team to address the problems it had experienced, and said it now has a better sales focus in all key regions.
It also made progress in regards to the integration of its Booxmedia and Entone acquisitions, the latter of which is expected to drive "significant cost synergies", according to Amino.
Chief Financial Officer Julia Hubbard has recently taken a short leave of absence, and has been covered by Julian Sanders, who has previously held the role of interim chief financial officer when Hubbard took maternity leave in 2014. As Hubbard's leave has been extended beyond the period originally envisioned, Sanders will continue to fill in.
Shares in Amino were down 0.3% at 107.15 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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