The plunge in the pound was a welcome surprise for US-focused Amino Technologies (AMO). Coupled with record orders of the group's multimedia-streaming devices in August, management now expects revenues and adjusted profits to surpass market expectations for the year to 30 November.
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The guidance uplift comes after Amino signed the first contract for its Fusion home-management system, with US telco Alliance Communications, and inked a licensing deal for its Enable TV software with Hong Kong-based PCCW Media. Broker finnCap hiked its forecasts and now expects adjusted pre-tax profits of £9.5m for the full year, giving EPS of 12.2p, up from £5.1m and 7.3p in FY2015.
