News blog

OMG

  • BY: Andrew Hore |
  • POSTED: 20/10/2009 |

Imaging software developer OMG says that revenues will exceed £26m and profits will be in line with expectations in the year to September 2009.

House broker Daniel Stewart forecasts a fall in profits from £1.6m to £930,000 in the year to September 2009. Earnings per share will halve to 0.9p due to a higher tax charge. The broker had also forecast a fall in revenues from £26.2m to £25.2m.

The strength of sterling in the second half led to foreign exchange losses that partly offset the gains in the first half. These foreign exchange gains and losses complicate the reported profit.

The order pipeline is “encouraging”.

OMG had £2.8m in the bank at the end of September 2009 – the figure was £1.61m six months earlier.

The full year figures will be published on 1 December.

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds