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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
ANT said it will announce its final results on 29 February 2012
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Lifetime ISA reform: Retirement option could be scrapped in overhaulA consultation on a product replacing the Lifetime ISA is set to be launched this year, and the option to use it to save for retirement is expected to be axed in the shake-up
-
HMRC stamp duty crackdown sees probes of property deals jump 88% – what to watch out forFrom bogus stamp duty refund claims to misleading the taxman about who owns a property, HMRC is increasing its scrutiny of stamp duty land tax reporting. Here’s how.
