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.

FTSE AIM All-Share

728.67

15:45 15/11/24

n/a

Oxford Metrics

64.70p

15:24 15/11/24

-0.15%

-0.10p

Software & Computer Services

2,469.20

15:44 15/11/24

-0.65%

-16.26

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.