AFRN Aferian Plc

TIDMAMO

RNS Number : 2539R

Amino Technologies PLC

08 December 2016

8 December 2016

Amino Technologies plc

("Amino" or "the Company")

Trading Update and Notice of Results

Amino Technologies plc (LSE AIM: AMO), the Cambridge-based provider of digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, today provides the following trading update for the year ended 30 November 2016.

As announced on 10 October 2016, the Company set out better than expected trading for the full year ended 30 November 2016 driven by record orders in August coupled with favourable foreign exchange effects. For the full year ended 30 November 2016, the Board now expects to report revenue and profit marginally ahead of these revised market expectations. The Company's cash position at 30 November 2016 was GBP6.2m (30 November 2015: GBP2.1m) which is also ahead of market expectations.

The Company moves into 2017 with a solid order backlog providing good visibility into the first half of next year, further underlining the strong sales performance delivered during the past 12 months.

Commenting on today's announcement, Keith Todd CBE, Non-Executive Chairman said:

"This has been a transformative year for Amino in terms of the scope, scale and performance of the business. With strong financial metrics, a solid order backlog and our enhanced product offering, the Company goes into 2017 with confidence."

The Company will announce its full year results on 7 February 2016.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Ends

For further information please contact:

 
Amino Technologies PLC                                           +44 (0)1954 234100 
Donald McGarva, Chief Executive Officer 
Mark Carlisle, Chief Financial Officer 
 
finnCap Ltd (NOMAD and Joint Broker)                             +44 (0)20 7220 0500 
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) 
 Simon Johnson / Tim Redfern (Corporate Broking) 
 
Canaccord Genuity Limited (Joint Broker and Financial Adviser)   +44 (0)20 7523 8000 
Simon Bridges / James Craven / Emma Gabriel 
 
FTI Consulting LLP (Financial PR)                                +44 (0)20 3727 1000 
Chris Lane / Alex Le May / Darius Alexander 
 scamino@fticonsulting.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFSDFILDIIR

(END) Dow Jones Newswires

December 08, 2016 02:00 ET (07:00 GMT)

Aferian (LSE:AFRN)
Historical Stock Chart
From Mar 2024 to Apr 2024

Aferian (LSE:AFRN)
Historical Stock Chart
From Apr 2023 to Apr 2024