The Board is pleased to announce that the Company continues to perform in line with expectations and expects to deliver a profit in the first half of the year which is significantly ahead of the prior year (H1 2012: £0.2m). This results from the phasing and mix of H1 trading compared to the prior year and continued strong margins, together with the added benefit of previously announced duties rebates of £1.7m.
Revenue remains in line with the prior year and the cash balance remains strong at £18.2m (31 May 2012: £13.9m) even after allowing for the progressive dividend payment policy.
The Company will announce its interim results on Monday 15th July 2013.
*******
For further information please contact:
Amino Technologies:
+44 (0)1954 234100
Keith Todd CBE, Non Executive Chairman
www.aminocom.com
Don McGarva, Chief Executive Officer
Julia Hornby, Chief Financial Officer
FTI Consulting:
+44 (0)20 7831 3113
Matt Dixon / Chris Lane / Lucy Delaney
finnCap Limited
+44 (0)20 7600 1658
Marc Young / Charlotte Stranner - Corporate Finance
Brian Patient / Tom Jenkins - Corporate Broking
_________________________________________