Amino Technologies plc (AIM: AMO) – Continued Operating Profit Growth and Proposed Acquisition
Amino Technologies, the Cambridge-based provider of digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, announced, today, unaudited consolidated results for the 6 month period ended 31 May 2015 and made mention of a conditional offer of the entire share capital of Entone Inc.
?Revenue for the second half of the year was £17.9m (H1 2014: £16.4m) representing year on year growth of 9% whilst gross profit grew 23% to £9.1m (H1 2014: £7.4m). Gross margins strengthened to 51% (H1 2014: 45%) reflecting an improved product mix. Basic earnings per share increased to 5.44p versus 3.29p in the first half excluding exceptional items. Adjusted operating profit was up 56% to £2.8m (H1 2014: £1.8m) also before exceptional items. A strong net cash balance was maintained at £17.3m (H1 2014: £19.7m), notwithstanding the acquisition of Booxmedia Oy for initial cash consideration net of cash…