Amino on track to dominate IPTV market
Written byJENNY CHAPMAN
16/03/12 Donald McGarva , ceo , Amino Technologies ,Buckingway Business Park , Swavesey . Picture by Warren Gunn
16/03/12 Donald McGarva , ceo , Amino Technologies ,Buckingway Business Park , Swavesey . Picture by Warren Gunn
Amino’s first half results this morning are in line with expectations for the full year, although they are down on H1 2013.
However, this is misleading as the Swavesey-based set top box company which specialises in IPTV, had large tax rebates in the first half of last year, which swayed the figures.
Sales for the first half were £16.4m, compared with £20m, and gross profit £7.4m to £9.3m, operating profit up 6% from £1.7m to £1.8m.
Donald McGarva (pictured), ceo, told the News this morning: “Net profit is up and we now expect to return to top line growth.
“The whole of TV is moving from cable to IP, and this is a really important thing for us, as we are the specialists. We are feeling pretty bouyant, we have expanded the sales team and are in a stronger position than six months ago.”
Chairman, Keith Todd, said: “The Board remains confident that results for the full year will be in line with current market expectations. Following a period of product refinement and investment we are on track to return to top line revenue growth in addition to continued profit and cash generation in the periods ahead.
“Amino has made encouraging progress in the first half and the Board is pleased to confirm that it is extending its commitment to pursue a progressive dividend policy for a further two years up to and including the year ending November 2016.
“As expected, the slowdown that was experienced at the end of 2013 in Western Europe continued in the first half of the year. However, post-period end, the Company has seen a pick-up in tendering activity with encouraging early interest in Amino’s newly launched mainstream device, the A150.
“The strategy of increasing Amino’s total addressable market, through product innovation has continued with the launch of an enhanced range of IPTV platforms during the period and further new offerings available in the second half of the year.”
http://www.cambridge-news.co.uk/Business/Busi...111446.htm
Written byJENNY CHAPMAN
16/03/12 Donald McGarva , ceo , Amino Technologies ,Buckingway Business Park , Swavesey . Picture by Warren Gunn
16/03/12 Donald McGarva , ceo , Amino Technologies ,Buckingway Business Park , Swavesey . Picture by Warren Gunn
Amino’s first half results this morning are in line with expectations for the full year, although they are down on H1 2013.
However, this is misleading as the Swavesey-based set top box company which specialises in IPTV, had large tax rebates in the first half of last year, which swayed the figures.
Sales for the first half were £16.4m, compared with £20m, and gross profit £7.4m to £9.3m, operating profit up 6% from £1.7m to £1.8m.
Donald McGarva (pictured), ceo, told the News this morning: “Net profit is up and we now expect to return to top line growth.
“The whole of TV is moving from cable to IP, and this is a really important thing for us, as we are the specialists. We are feeling pretty bouyant, we have expanded the sales team and are in a stronger position than six months ago.”
Chairman, Keith Todd, said: “The Board remains confident that results for the full year will be in line with current market expectations. Following a period of product refinement and investment we are on track to return to top line revenue growth in addition to continued profit and cash generation in the periods ahead.
“Amino has made encouraging progress in the first half and the Board is pleased to confirm that it is extending its commitment to pursue a progressive dividend policy for a further two years up to and including the year ending November 2016.
“As expected, the slowdown that was experienced at the end of 2013 in Western Europe continued in the first half of the year. However, post-period end, the Company has seen a pick-up in tendering activity with encouraging early interest in Amino’s newly launched mainstream device, the A150.
“The strategy of increasing Amino’s total addressable market, through product innovation has continued with the launch of an enhanced range of IPTV platforms during the period and further new offerings available in the second half of the year.”
http://www.cambridge-news.co.uk/Business/Busi...111446.htm
