Amino Technologies drops sharply as it warns on profits

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Amino Technologies drops sharply as it warns on profits
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Shares in media and entertainment solutions specialist Amino Technologies (LON:AMO) plunged 27.66% to 153p (as of 11:30 BST) after it said that full year adjusted pre-tax profits would be around $11.2 million as external macroeconomic factors drove down orders and increased components prices during the second half. The company said that factors including confusion linked to upcoming US tariffs and anticipated future prices have been impacting customer behaviour.

Chairman Keith Todd commented: “The Board remains confident in the strength and strategic direction of the Company and has committed to continue its dividend policy for this financial year and maintain this dividend level for at least two years thereafter. The diversity and depth of change in our industry this year has created difficult trading conditions in the short term, however the Company remains well positioned to take advantage of the all IP future, and remains profitable and cash generative“.

 

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