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Latest Satellite News Discussion, New orders and lower specs help Amino at General Satellite News forum; New orders and lower specs help Amino July 17, 2012 09.38 Europe/London By Julian Clover Amino Technologies has received a ...

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New orders and lower specs help Amino - 17-July-2012, 15:30

New orders and lower specs help Amino
July 17, 2012 09.38 Europe/London By Julian Clover

Amino Technologies has received a follow on order from Telecom Italia having previously supplied the telco with 50,000 units effectively at cost.

The Cambridge set-top and IPTV specialist recorded 20.1 million in first half revenues, a 12% improvement.

Customers in the Netherlands increased sales by 3.7 million, while Telecom Italias commitment drew a further 1.3 million.

However, the company described other markets, particularly Russia as unsettled and said structural issues remained unresolved leading to a reduction of 400,000 from the country.

East Europe was described as encouraging with a contract win for a new lower spec HD product. Following a delay in the tender process revenues will now fall in the second half.

Operating costs have been broadly unchanged year-on-year at 5.4m (2011: 5.3m) through continued effective cost control.

As a result of the improvement in gross margins and cost control, EBITDA at 1.8m is 1.1m higher than the prior year (H1 2011: 0.7m).


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