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Amino Technologies says acquisitions are almost bedded in

It spent almost £39mln on Booxmedia Entone – the latter costing around £34mln.
Amino Technologies says acquisitions are almost bedded in
Amino is a specialist in digital TV.

Digital entertainment firm Amino Technologies (LON:AMO) said it had “substantially integrated” two acquisitions as it closed the curtain on a busy year.

It spent almost £39mln on Booxmedia Entone – the latter costing around £34mln.

Its ability to generate significant amounts of cash - £7.7mln last year – allowed it to go on a spending spree.

But, as might be expected, it ended the year with a vastly diminished balance sheet. Net cash was £2.1mln at November 30, compared with almost 10 times that amount 12 months earlier.

Adjusted profit rose £800,000 to £5mln, while statutory profit fell around £300,000 to £3.7mln. The latter figure included a number of exceptional items.

Amino, which is based in Cambridge and specialises in internet TV, hiked its dividend 10% to 5.5p a share, meaning Amino currently yields around 5%.

 "Looking ahead to 2016, we believe that Amino is well positioned thanks to our IP pedigree, enhanced product offering, geographical reach and refocussed sales teams,” said chairman Keith Todd.

“The market dynamics for "anytime anywhere" entertainment and home services continues to move towards our core competence of IP delivery.  This will benefit us now and in the longer term."

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