24th Feb 2014 13:30
LONDON (Alliance News) - OMG PLC Monday expressed confidence in meeting expectations for the full-year, saying it expects its revenues for the first-half of the financial year 2014 to be ahead of 2013, and adjusted profit to be in line with 2013.
The technology company said that it had made a good start to the year, with its Vicon division having had its motion capture technology used in Oscar nominated Gravity. In its Yotta division its Horizons software continued to gain traction, having secured a contract with the Highways Agency in the first half.
However, OMG noted that persistent heavy rain had limited Yotta's overall surveying activity, although this had been somewhat offset by the acquisition of Mayrise.
In its 2d3 division revenue is developing well, OMG said, and in its consumer arm OMG Life it saw its Autographer product gain traction.
OMG noted that it was second-half weighted in terms of revenue.
Shares in OMG were trading up 9.1% at 28.65 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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