Set-top provider Amino Technologies has posted improved full-year EBITDA and operating profits despite a downturn in revenues.
The company posted EBITDA of £6.2 million (€7.25 million), up from £4.4 million in 2011, with an operating profit of £2.8 million, up from a loss of £0.6 million. Underlying revenue fell by 6.1% to £41.7 million, which Amino said reflected a continued focus on profitability.
“Amino has performed strongly in 2012, and we have seen significant increases in both profit and cash flow, alongside material improvements in its operational execution. This has allowed us to sharply increase shareholder returns,” said non-executive chairman Keith Todd. “Moving into 2013, we will continue to target growth which is both high margin and cash flow generative, leveraging off a simplified supply chain and more targeted product range. Whilst exercising a suitable degree of caution, we are well positioned to meet its expectations for the financial year ahead.”
DTVE: the week in view – Why has Patrick Drahi just invested £2.2 billion in BT? digitaltveurope.com/comment/why-ha… https://t.co/p7MRaUUcWX
12 June 2021 @ 12:04:00 UTC
ICYMI: MultiChoice delivers robust result in face of pandemic digitaltveurope.com/2021/06/11/mul… https://t.co/crgZdxrZCe
11 June 2021 @ 19:30:00 UTC
ICYMI: Amazon ‘poised to make offer’ for Ligue 1 rights digitaltveurope.com/2021/06/11/ama… https://t.co/UDTRacBYTo
11 June 2021 @ 18:30:00 UTC
Kabelnoord launches first smart TV app digitaltveurope.com/2021/06/11/kab…
11 June 2021 @ 18:00:01 UTC