Amino Technologies PLC
05 December 2007
FOR IMMEDIATE RELEASE 5 December 2007
AMINO TECHNOLOGIES PLC
PERIOD END TRADING UPDATE
Amino Technologies plc ('Amino' or; stock code: AMO), the Cambridge based
broadband network software and systems group, presents a brief update on trading
following the recent end to its financial year on 30 November 2007.
Amino is pleased to report that trading during the second half of the year
progressed well. Total unit shipments for the year showed strong growth with the
greater part continuing to be based on MPEG-2 technologies. Sales of the higher
priced MPEG-4 products are now gathering momentum, comprising approximately
one-fifth of total shipments during the year. Profit at both the operating and
pre-tax level show a strong turn round from the losses of last year and are
ahead of market expectations. Combined with improvements in working capital and
receipt of payable R&D tax credits, the improved profitability has resulted in
Amino's net cash balances increasing to approximately £17.0 million as at 30
November 2007 (November 2006: £14.0 million).
Keith Todd, Chairman, commented:
'We are pleased to have delivered on the promise made at the half-year stage
that we would build on a firm foundation to achieve improved financial
performance during the second half year and look forward to the future with
renewed confidence.'
Announcement of final results
The final results for the year ended 30 November 2007 are expected to be
announced towards the end of January 2008 in accordance with Amino's usual
timetable.
Ends
About Amino
Amino Technologies plc (www.aminocom.com) designs and supplies electronic
systems, software and consultancy for IPTV (telco triple-play applications),
on-demand video and in-home multimedia distribution.
Amino is partnered with world-leading companies in systems integration,
middleware, conditional access, silicon, head-end systems and browser
technologies.
Ends
CONTACTS
Amino Technologies: 01954-234100
Keith Todd, Chairman www.aminocom.com
Bob Giddy, Chief Executive
Stuart Darling, Finance Director
Bankside: 020-7367-8888
Steve Liebmann or Simon Bloomfield
KBC Peel Hunt Ltd. 020-7418-8900
Julian Blunt
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.