Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAMO.L Regulatory News (AMO)

  • There is currently no data for AMO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

4 Dec 2014 07:00

RNS Number : 7817Y
Amino Technologies PLC
04 December 2014
 



 

4 December 2014

 

Amino Technologies plc

 

("Amino" or "the Company")

 

Trading Update

 

Strong performance and return to growth with positive traction for

new products and improved tender activity

 

 

Amino Technologies plc (LSE: AMO), the Cambridge-based leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, today issues the following positive trading update for the year ended 30 November 2014.

 

· FY 14 profit ahead of expectations

· Return to revenue growth achieved in second half

· Strong cash flow maintained and dividend policy reiterated

 

The Company has continued to benefit from strong trading since the announcement made on 13 October and as such profit before tax for the year ended 30 November 2014 is expected to be above market expectations and revenues are expected to be in line. Sales performance has been encouraging and results in the second half of the year reflected a return to revenue growth for the Company.

 

Good cash conversion has also been achieved, further increasing the Company's net cash position to £20.8m (FY 2013: £19.5m), equivalent to 40p per share (2013: 37p per share). This is after taking into account share buy backs to the value of £1.4m and dividend payments of £1.9m.

 

New contract wins with significant operators in North America, Eastern Europe and the Middle East, have underpinned this performance. Tender activity has also been strong, particularly in the second half of the year, with positive traction for the Company's newly launched product portfolio.

 

At the interim results, the Company committed to a progressive dividend policy of no less than a 10% per annum increase up to and including the year ending November 2016.

 

Commenting on the announcement, Keith Todd CBE, Non-executive Chairman, added:

 

"We are pleased to report continued strong operational performance and return to growth over the past six months. This, together with the continued excellent cash generation, underpins the board's confidence in the future growth opportunity. We are making very good progress with significant new tender activity in new and existing markets. Market reception to the new product portfolio has been very positive with good traction achieved and we look forward with confidence to the year ahead."

 

For further information please contact:

 

Amino Technologies plc

+44 (0)1954 234100

Donald McGarva, Chief Executive Officer

Julia Hubbard, Chief Financial Officer

 

FTI Consulting LLP

 

+44 (0)20 3727 1000

Matt Dixon / Chris Lane / Alex Le May

 

finnCap Limited

 

+44 (0)207 600 1658

Charlotte Stranner / Simon Hicks - Corporate Finance

Victoria Bates- Corporate Broking

 

 

 

About Amino Technologies plc

Amino Technologies plc specialises in the development and delivery of IPTV/OTT solutions. With over five million devices sold to 1,000 customers in 100 countries, Amino's award-winning solutions are deployed by major network operators and service providers worldwide. Amino Technologies plc is headquartered near Cambridge, in the UK, and is listed on the AIM market of the London Stock Exchange (AIM: symbol AMO).

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTQKNDKOBDDBBK
Date   Source Headline
21st Jun 20217:00 amRNSChange of Name to Aferian plc and Board Transition
15th Jun 20217:00 amRNSAmino enables PCCW’s PayTV and streaming platform
10th Jun 20217:00 amRNSKablenoord expands 24i powered digital services
8th Jun 20217:00 amRNSTrading Update
27th May 20217:00 amRNSAcquisition of Nordija for EUR5.3m
21st May 20212:18 pmRNSHolding(s) in Company
19th May 20217:00 amRNSHolding(s) in Company
13th May 20218:25 amRNSCompletion of Placing
13th May 20217:30 amRNSResult of Auction and Placing
12th May 20217:00 amRNSExtension of Auction
11th May 20214:13 pmRNSTransaction in own shares / Total Voting Rights
10th May 20217:00 amRNSPossible Acquisition
6th May 20215:40 pmRNSTransaction in own shares / Total Voting Rights
20th Apr 20219:42 amRNSTransaction in own shares / Total Voting Rights
14th Apr 202111:05 amRNSTransaction in own shares / Total Voting Rights
6th Apr 202112:45 pmRNSTransaction in own shares / Total Voting Rights
23rd Mar 20217:00 amRNSGrant of Share Options
19th Mar 20217:00 amRNSHolding(s) in Company
18th Mar 20212:40 pmRNSResult of AGM
18th Mar 20218:41 amRNSHolding(s) in Company
11th Mar 202111:13 amRNSTransaction in Own Shares/Total Voting Rights
8th Mar 20215:25 pmRNSHolding(s) in Company
8th Mar 202110:23 amRNSTransaction in own shares / Total Voting Rights
25th Feb 20215:15 pmRNSTransaction in Own Shares - replacement
25th Feb 202110:15 amRNSTransaction in Own Shares
23rd Feb 20217:00 amRNSPayTV+ deployments with GO Malta and Cablenet
19th Feb 20219:00 amRNSAnnual Report and Notice of Annual General Meeting
18th Feb 20217:00 amRNSHolding(s) in Company
9th Feb 20217:00 amRNSFull Year Results
3rd Feb 20217:00 amRNSInvestor Presentation
19th Jan 20217:00 amRNSBoard Change
7th Jan 20216:10 pmRNSHolding(s) in Company
7th Jan 20214:10 pmRNSHolding(s) in Company
30th Dec 202011:10 amRNSHolding(s) in Company
11th Dec 20203:51 pmRNSHolding(s) in Company
10th Dec 20208:57 amRNSHolding(s) in Company
8th Dec 20207:23 amRNSProgressive publishes new research
8th Dec 20207:00 amRNSTrading & Dividend Update
10th Nov 20207:00 amRNSDirector/PDMR Shareholding
27th Oct 20205:18 pmRNSHolding(s) in Company
23rd Sep 20207:00 amRNSAmino delivers modern TV experiences in Argentina
21st Sep 20207:00 amRNSDirector/PDMR Shareholding
9th Sep 20201:51 pmRNSGrant of Share Options
4th Sep 20209:31 amRNSResult of General Meeting
1st Sep 20207:00 amRNSGeneral Meeting Update
20th Aug 20204:33 pmRNSHolding(s) in Company - Replacement
20th Aug 20203:56 pmRNSHolding(s) in Company
11th Aug 20202:01 pmRNSPublication of Circular, Notice of General Meeting
11th Aug 20207:01 amRNSInvestor Presentation
11th Aug 20207:00 amRNSHalf-year Report

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.