Amino Technologies (AMO)

Amino Technologies (AMO)  – Solid Operating Profit

Amino Technologies said it sees solid operating profit for the first half compared with a £0.6m loss last year, driven by increased unit shipments, revenues and gross margins. The company also added it remains confident that it will deliver the current market forecast.

The broadband network software and systems group said net cash balances increased by £2m to £19m, reflecting a combination of profitability and improvements in working capital. Amino Technologies also announced the appointment of Andrew Burke as chief executive officer, succeeding Bob Giddy with immediate effect. The group said it will announce results for the six months ended May 31, 2008 on July 21.

For more information please go to: www.aminocom.com