Amino expecting to turn a first half profit

IP set-top specialist Amino Technologies expects to report a small profit during the first half of the year.

In a trading update, the board of the UK company said a good operational performance and continued margin improvement would lead to a profit. The same period last year saw a loss of £0.4 million (€0.5 million) reported.

Amino also said its cash balance remains strong at £13.9 million, even after allowing for a share buyback and maiden dividend payment.