Amino Technologies promises dividend boost as cash flows

Amino Technologies expects its trading performance to be in line with consensus market expectations after the internet-TV technology specialist continued to deliver "excellent" cash generation throughout the year.

Amino told investors on Thursday that its cash position had improved 16.6% to $20.3m in its trading year ended 30 November, leading it to reiterate its commitment to upping its full-year dividend by "no less than 10%".

The AIM-listed group will announce its full-year results on 5 February 2019.

Chairman Keith Todd said: "The group continues to generate excellent operating cash flows and its trading performance is expected to be in line with consensus market expectations."

"The board remains committed to increasing the dividend by no less than 10% for the full year and to maintain the FY2018 dividend level in absolute terms for a further two years at least."

As of 0900 GMT, Amino shares had picked up 2.14% to 119.50p.