Period-end Trading Update

RNS Number : 4069G

Amino Technologies PLC

06 June 2013

 



6 June 2013

Amino Technologies plc

Period-end Trading Update

Amino Technologies plc ("Amino" or the "Company": stock code: AMO), the Cambridge-based leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, today provides the following update for the six months ended 31 May 2013.

The Board is pleased to announce that the Company continues to perform in line with expectations and expects to deliver a profit in the first half of the year which is significantly ahead of the prior year (H1 2012: £0.2m).  This results from the phasing and mix of H1 trading compared to the prior year and continued strong margins, together with the added benefit of previously announced duties rebates of £1.7m.  Revenue remains in line with the prior year and the cash balance remains strong at £18.2m (31 May 2012: £13.9m) even after allowing for the progressive dividend payment policy.

The Company will announce its interim results on Monday 15^th July 2013.

For further information please contact:

Amino Technologies:	[phone]
Keith Todd CBE, Non Executive Chairman	www.aminocom.com
Don McGarva, Chief Executive Officer
Julia Hornby, Chief Financial Officer
FTI Consulting:	[phone]
Matt Dixon / Chris Lane / Lucy Delaney
finnCap Limited	[phone]
Marc Young / Charlotte Stranner - Corporate Finance
Brian Patient / Tom Jenkins - Corporate Broking

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