Amino says it’s preparing for growth in the second half of the financial year.
Announcing its annual figures to November 30, 2014, the Cambridge-based IPTV and OTT specialist said an increase of 10% was a possibility and hinted at possible acquisitions.
The company reported revenues in line with expectations at £36.2 million, a marginal improvement on 2013’s £35.9 million.
Pre-tax profits came in at £4.2 million.
Commenting on the results, Keith Todd CBE, Non-Executive Chairman, said:
“2014 was an important year for Amino where we have turned the corner and moved into a period where we can anticipate top line growth in addition to profit growth. Our discipline on cost control and gross margin enabled the Company to end the year with a record profit and net cash position. The investments we have made into the new product portfolio will contribute to the anticipated full year revenue growth in 2015. In addition to our actions to drive the Group’s financial performance, we have materially increased dividends and continue to review acquisition opportunities in the market. We are pleased to say the outlook for 2015 is positive.”
Growth is coming from Latin America and Central & East Europe.
