UK-based IPTV set-top provider Amino Technologies turned in increased operating profit and EBITDA on flat half-year sales of £20.1 million (€23.2 million). The company also said its plans to develop a live home media centre product were progressing to plan with a launch expected towards the end of the year.
Amino posted operating profit of £2.6 million, up from £0.2 million, while EBITDA before exception items was up 83% to £3.3 million.
The company said it has strengthened its position through win-back campaigns in North America and the sale of lower-spec products for emerging markets as well as by gaining traction in the OTT market.
“This solid set of results underlines the progress Amino is making against its goal of profitable growth and improvements in shareholder returns. During the period, we have enhanced our competitiveness in our markets through a clear and compelling proposition – quality robust products, operational performance and rapid delivery to meet demanding customer expectations. Our ability to flex our portfolio is demonstrated by new contract wins from target customers in both emerging and established markets,” said non-executive chairman Keith Todd.