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Profits up for Amino

July 15, 2013 11.50 Europe/London By Julian Clover

Cambridge-based IPTV developer has recorded a significant increase in profit with exceptional items taking the total to £2.6 million.

It follows a duties rebate of £1.7 million and restructuring costs of £0.7 million.

Revenues were unchanged at £20.1 million.

Commenting on the results Keith Todd CBE, Non-Executive Chairman said: “This solid set of results underlines the progress Amino is making against its goal of profitable growth and improvements in shareholder returns. During the period, we have enhanced our competitiveness in our markets through a clear and compelling proposition – quality robust products, operational performance and rapid delivery to meet demanding customer expectations.”

Amino has been working on “win back” campaigns to secure growth in the North American market, while a new lower specification product has helped win contracts in emerging markets.

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Filed Under: Finance, Newsline Edited: 15 July 2013 11:50

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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