Amino has released an unscheduled trading update indicating poor sales execution in the core Amino business in the second half of the year. The full year PBT outcome is now expected to be in-line with that achieved in FY’14, indicating a c.24% downgrade versus our forecasts. Net cash balances are expected to be in-line with expectations and the group has confirmed its commitment to a progressive dividend policy. Revenue and synergies from the recent Entone and Booxmedia acquisitions are tracking ....
27 Oct 2015
Sales shortfall in core Amino business
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Sales shortfall in core Amino business
Aferian plc (AFRN:LON) | 7.8 0 (-3.1%) | Mkt Cap: 8.62m
- Published:
27 Oct 2015 -
Author:
Oliver Knott -
Pages:
3
Amino has released an unscheduled trading update indicating poor sales execution in the core Amino business in the second half of the year. The full year PBT outcome is now expected to be in-line with that achieved in FY’14, indicating a c.24% downgrade versus our forecasts. Net cash balances are expected to be in-line with expectations and the group has confirmed its commitment to a progressive dividend policy. Revenue and synergies from the recent Entone and Booxmedia acquisitions are tracking ....