Amino returns to the black, maiden divi

Cambridge-based digital entertainment solutions provider Amino Technologies returned to operating profit and drove revenue 18% higher in a challenging year for the global technology industry.

For the year ended 30 November 2011 revenue rose to £51.8m from £44m the year before while operating profit before goodwill impairment came in at £1.7m compared to a loss of £0.9m in 2010.

Reflecting the board's confidence in the future and strong cash generation, a maiden dividend of 2p has been proposed.

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Gross profit rose 16% to £14.5m while adjusted gross margin was 6 percentage points higher at 34.5%. EBITDA increased by £3.8m to £4.4m.

Commenting on the results non-executive chairman Keith Todd said, "This year Amino has returned to operating profitability, delivered improvements in margin, generated encouraging revenue growth and significantly strengthened its cash position. All of this has been enabled by a rigorous focus on operational management and by the market's growing acceptance of our stronger, simplified product range."

Year-end cash strengthened to £14.1m from £3.6m in 2010.