OMG says full year will be in line after good second half

Technology group OMG said it expects its full-year revenue and adjusted profit to be in line with market forecasts, as it reported good second-half trading at its Vicon image technology arm and Yotta infrastructure management unit.

The company, which provides image understanding products for the entertainment, life science, engineering and consumer electronics markets, said it has ended the year with a strong cash balance at £11.7m, compared with £7.6m last year.

OMG is expected to announce its preliminary results for the year ended 30 September on 8 December.

At 1150 GMT, OMG shares were up 1.6% at 41.90p.