By Duncan Ferris
Date: Tuesday 17 Jul 2018
LONDON (ShareCast) - (Sharecast News) - Internet protocol solutions provider Amino Technologies on Tuesday said full-year expectations were confirmed after the first half saw a 40% year-on-year increase in orders.
The AIM-traded company's unaudited results for the six months to 31 May showed 75% of expected full-year revenues have been secured while a good sales pipeline is in place for the remainder of the year.
Keith Todd, non-executive chairman, said: "The board remains confident in full year expectations. We are pleased to recommend a 10% increase in the half year dividend, in line with our progressive dividend policy."
Compared to the same period last year, the results showed a 17% fall in revenues to $41.2m and a 58% drop in adjusted profit before tax to $3.8m.
However, a statement from Amino said the company's board was unconcerned as the drops were due to order phasing by a major customer and greater second-half weighting as normal seasonality returns.
"It is encouraging to report material progress in delivering our three long-term strategic growth drivers - IP/Cloud TV Everywhere, Operator Ready Android TV and Upcycling Legacy devices to next generation TV experiences," said Todd.
TV Everywhere services have been deployed by Netherlands-based operator DELTA, while the company has already secured North American orders for Android TV and said it has a "solid pipeline of opportunities" in place for the Upcycling Legacy offering.
Amino Technologies' shares were down 3.18% at 197.02p at 0903 BST, .
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Currency | UK Pounds |
Share Price | 7.38p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 39.00 |
52 Week Low | 7.25 |
Volume | 19,989 |
Shares Issued | 111.21m |
Market Cap | £8.20m |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 01-Sep-22 | 07-Apr-22 |
Paid | 26-Sep-22 | 22-Apr-22 |
Amount | 1.00p | 2.09p |
Time | Volume / Share Price |
14:00 | 3,539 @ 7.65p |
14:00 | 3,539 @ 7.65p |
11:28 | 2,896 @ 7.28p |
09:55 | 1,654 @ 7.28p |
09:41 | 4,793 @ 7.28p |
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