Published on: June 5, 2014
In-line interim trading update
At the time of its FY13 results announcement in January, Amino’s outlook statement anticipated delivery of a financial performance in line with market expectations for both profitability and cash generation in FY14. It also noted that revenue would show a second half seasonal weighting in line with that seen in prior years. Today’s trading update for the first half of FY14 supports those comments and includes a strong closing net cash balance of £19.7 million. It also flags growing success in Latin America and Eastern Europe. In addition, the company’s commitment to a progressive dividend policy is extended by a further two years. This solid update provides support for our full year estimates and we leave them unchanged.