Amino Technologies trading ahead of expectations

Cambridge-based provider of digital entertainment solutions for IPTV, internet television and in-home multimedia distribution, Amino Technologies, posted an update on current trading for the 10 months to the end of September on Monday.

The AIM-traded company claimed to be trading ahead of expectations, driven by record orders in August coupled with currently favourable foreign exchange effects.

“In addition, the strength of the current order book gives management confidence in continued growth for the year ahead,” the board said in a statement.

“The board expects revenue for the full year ending 30 November 2016 to be slightly ahead of current market expectations; and full year adjusted EBITDA and adjusted profit before tax to be ahead of current market expectations.”

At 1146 BST, shares in Amino Technologies were up 6.43% at 149p.