AFRN Aferian Plc

TIDMAMO

Amino Technologies PLC

08 December 2020

 
Revenue beats pre-COVID expectations 
 Amino's trading update for the year ending November 2020 signals the business has performed 
 extremely strongly against a backdrop of COVID-19 driven challenges. At approximately $83m, 
 revenue is c8% higher than FY 19A and slightly ahead of our forecast - which was set prior 
 to COVID-19. The period also saw an improvement in earnings quality and the group's financial 
 position remains strong. The recommencement of dividend payments is a further positive. We 
 leave underlying estimates unchanged following the announcement and believe the group's vision 
 of making it easy for people to connect to the TV and Video they love is well attuned to the 
 ongoing structural shifts in TV consumption. 
 

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December 08, 2020 02:23 ET (07:23 GMT)

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