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OMG
- BY: Andrew Hore |
- POSTED: 30/04/2009 |
Motion capture software supplier OMG says trading for the year to March 2009 has been in line with expectations.
Trading in the UK has been mixed but steady overall. The better performance has come from the UK export business, which has been boosted by the strong dollar. US business has been tougher.
Like-for-like revenues will be comparable with last year and there will be an initial contribution from US-based Mobile Video Services Inc, which was acquired at the start of the last financial year. MVS provides data collection services for the assessment of property taxation and this business has been tough
At the AGM the chairman said that revenues were comparable with last year at constant exchange rates. This qualification has not been repeated in the latest statement.
At 26.5p, down 1p on the day, OMG is valued at £17.3m.
The results will be announced on 23 June 2009.
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