Business
Final Results
Final Results.
About this update from Oxford Metrics Plc
[{"type":"text","content":"\n RNS Number : 3486D OMG PLC 01 December 2009 \n \nTuesday, 1 December 2009\nOMG plc\nPreliminary results for the twelve months ended 30 September 2009\nOMG plc, (LSE: OMG) (\"OMG\" or the \"Group\"), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, announces preliminary results for the twelve months ended 30 September 2009.\nFinancial Highlights:\n\n\nRevenue maintained at £26.2m (FY08: £26.2m)\n\n\nAdjusted profit before tax* of £1.1m (FY08: £2.1m)\n\n\nReported profit before tax of £0.6m (FY08: £1.6m)\n\n\nCash position ahead of expectations at £2.8m (FY08: £2.9m) \n\n\nGroup remains debt-free\n\n\nProposed dividend increased by 30% to 0.15p\n\n\n\nOperational Key Points:\n\n\nEconomic conditions have led to mixed trading, particularly in the US\n\n\nAdaptation to the new economic environment\n\n\nImproved operational efficiency \n\n\nInvestment in product innovation\n\n\n\n\nVicon showing a varied performance\n\n\n\n\nNorth American operations impacted by economic weakness\n\n\nNon-American revenues up 14%, with particular growth evident in China\n\n\nLaunch of new products, Bonita and Revue\n\n\n\n\nYotta impacted by tough trading conditions \n\n\nRefocused on proven areas of demand and growth \n\n\nContract wins with county councils in Derbyshire, Hull and North Ayrshire\n\n\nMVS revenues maintained, new contract signed with Miami Dade County\n\n\n\n\n\n\nFurther progress from 2d3\n\n\nContinued expansion of our USA operations, now ahead of UK revenue contribution \n\n\n3 contracts in the UK\n\n\n\n\n\n*before share-based payments, amortisation of intangibles arising on acquisition and non-recurring costs - see note 5\nCommenting on the results Nick Bolton, Chief Executive Officer said:\n\"Despite the extremely difficult trading conditions, OMG has emerged from the year with strong foundations and a clear plan for the future. Although we have not been able to avoid the impact of the downturn in the US, the diversified operational base has provided us with some comfort, and we have seen enough growth to maintain our revenues at previous levels\"\n\"Overall we've ended the year with the Group in ro...