Amino revenues up 36%
July 25, 2011
UK-based STB supplier Amino Technologies’ revenues for the half-year ending May 31st grew 36.2 per cent to £24.7 million from £18.1 million in the year earlier period. Revenues in the UK fell to £0.5 million from £0.9 million, while revenue from the Netherlands grew to £3.9 million from £3.4 million. Revenue from Russia fell to £1.5 million from £1.9 million and revenue from Serbia fell to £3,570 from £2.1 million. North America’s revenue grew to £6.01 million from £3.1 million, while South America’s revenue fell to £1.1 million from £1.4 million. The rest of the world’s revenue fell to £4.8 million from £5.01 million. Product revenue grew to £23.4 million from £17.7 million and licence revenue grew to £471,115 from £46,205.
Commenting on the results Keith Todd, Non-Executive Chairman, said: “These encouraging results underline the continued progress Amino has made over the past 18 months. Across key performance metrics, the business has performed strongly and delivered record sales for the third consecutive half year period, improved margins, increased gross profits, generated a healthy H2 order backlog and significantly improved the cash position.