Better than expected for year for ANT

published 13 February 2012

Digital TV software provider ANT said annual results will be better than outlined in its update at the start of 7 December 2011 following strong royalty payments.

After receiving all royalty receipts for customer shipments during the year to 31 December 2011 total revenues for the year are expected to be around £4.45m compared to £4.35m in 2010. Loss before tax is expected to have reduced to roughly £0.35m from a loss of £0.58m the year before.

In December the group received a licence for its set-top box product, Galio Hybrid Broadcast Broadband TV (HbbTV) Platform, from set-top box manufacturer smart electronic GmbH.