23rd Oct 2014 08:53
LONDON (Alliance News) - OMG PLC Thursday said it was trading well across its business portfolio and both profit and revenue are expected to meet market expectations for the full year.
The imaging company said its three most established companies, Vicon, Yotta and 2d3, were all profitable in the full year to September 30.
It said it expects group adjusted profit and revenue to be in line with market expectations, excluding the House of Moves business. OMG sold House of Moves to its management team for GBP0.8 million earlier this month.
It said the Vicon motion capture business is expected to post performance similar to 2013 for the year, while its Yotta infrastructure asset management arm is benefiting from a stronger revenue stream and has been profitable in the year. Its 2d3 defence arm is set to post profit and revenue up for the year, while its OMG Life consumer division is expected to post a flat loss.
OMG is set to post its results for the year to September 30 on December 9.
OMG shares were untraded on Thursday. The stock last traded at 27.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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