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Amino Technologies warns of flat revenues next year

Mon, 25th Nov 2013 08:02

Digital entertainment firm Amino Technologies said it would hike its dividend by 15 per cent after an in-line full-year performance, but warned of flat revenues next year.In a pre-close trading update, the IPTV, internet TV and in-home multimedia products group said that it expects to report solid like-for-like growth in profit and cash for the year ending November 30th.However, due to a change in revenue mix in the second half - as a result of higher demand for its lower-priced, lower specification products coupled with reduced orders from a specific customer - revenues for the year will total just £35-36m. This is lower than initially expected and compares with the £41.7m reported the year before.With trends predicted to continue into 2014, the revenue performance is expected to be similar next year, Amino said.Nevertheless, the company said it would recommend a full-year dividend of 3.45p per share, up 15% on the year before, in line with its existing payout guidance. This will grow by at least a further 15% next year, it said."Whilst headline revenue is now expected to be at lower levels than previously anticipated, we remain confident in the outlook for the group's profitability and cash generation," said Non-Executive Chairman Keith Todd.The stock was down 10.24% at 85.72p by 08:15 on Monday.BC
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8 Oct 2018 11:13

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8 Oct 2018 09:29

Amino Technologies dives as US tariffs lead to customer hesitation

(Sharecast News) - Shares Amino Technologies plummeted on Monday as the set-top box software specialist reported that profits are likely to be flatter than expected as US tariffs lead cause uncertainty for some clients.

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3 Oct 2018 08:30

Amino Technologies wins upcycling contract with T Mobile Netherlands

(Sharecast News) - Entertainment tech outfit Amino Technologies on Wednesday said it had secured a new contract to deliver an 'upcycling' programme for existing customer T-Mobile Netherlands.

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29 Nov 2016 09:41

Amino Technologies Wins Contract For US Multi-Operator Roll-Out

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10 Oct 2016 11:43

Amino Technologies trading ahead of expectations

(ShareCast News) - Cambridge-based provider of digital entertainment solutions for IPTV, internet television and in-home multimedia distribution, Amino Technologies, posted an update on current trading for the 10 months to the end of September on Monday. The AIM-traded company claimed to be trading

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15 Sep 2016 09:01

Amino Technologies Secures First Contract For FUSION Home Monitor

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16 Aug 2016 14:40

Amino Technologies wins software licensing contract with Hong Kong's PCCW Media

(ShareCast News) - Amino Technologies, an internet solution provider to entertainment broadband operators, won a software licensing contract to provide its Enable TV device software to Hong Kong multimedia company, PCCW Media. The contract will allow Enable TV to support PCCW Media's drive to delive

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21 Jul 2016 12:11

DIRECTOR DEALINGS: Wife Of Amino Technologies Chair Buys More Shares

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21 Jul 2016 10:22

DIRECTOR DEALINGS: Amino Technologies Chairman Ups Interest

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11 Jul 2016 09:02

Amino Technologies To Meet Expectations As It Swings To Interim Loss

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7 Jun 2016 16:27

Tuesday broker round-up

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6 Jun 2016 07:11

Amino Technologies Trading In Line, Declares Hiked Dividend

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