Amino has released a strong set of interim results for the six months to May’15. As flagged at the trading update in June, the return to growth seen in H2’14 has continued into H1’15. The group delivered revenue of £17.9m and EBITDA of £3.9m, y-o-y growth of 9% and 34% respectively. The strong profit performance was driven by a 590 bps increase in the gross margin due to improved product mix. Post the Booxmedia acquisition, net cash balances at the half year were £17.3m. The outlook is positive ....
21 Jul 2015
Strong interims and transformative acquisition
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong interims and transformative acquisition
Aferian plc (AFRN:LON) | 12.5 0 0.0% | Mkt Cap: 13.9m
- Published:
21 Jul 2015 -
Author:
Oliver Knott -
Pages:
4
Amino has released a strong set of interim results for the six months to May’15. As flagged at the trading update in June, the return to growth seen in H2’14 has continued into H1’15. The group delivered revenue of £17.9m and EBITDA of £3.9m, y-o-y growth of 9% and 34% respectively. The strong profit performance was driven by a 590 bps increase in the gross margin due to improved product mix. Post the Booxmedia acquisition, net cash balances at the half year were £17.3m. The outlook is positive ....