Amino: “2017 another year of progress”

Amino Technologies, a global provider of digital TV video solutions to network operators, has announced audited consolidated results for the year ended November 30th 2017. The company reported pretax profit of £9.6 million (€10.8m), up more than threefold from £2.9 million in 2016. On an adjusted basis, pretax profit increased by 10 per cent to £11.2 million from £10.2 million.

Revenue remained steady at £75.3 million for the year, an increase of 0.1 per cent from £75.2 million in the previous year.

Keith Todd CBE, Non-Executive Chairman, commented: “2017 was another year of progress for Amino with strong profit growth and cash generation. We have continued to innovate and steer through the changing customer landscape whilst building a broad product portfolio and customer proposition. We have large addressable markets and our recent investment in software, services and the emerging Android TV opportunity, coupled with a strong backlog and pipeline, supports our confidence in 2018 and beyond.”

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