OMG hikes divi after good year

Motion capture specialist OMG hailed a 'straightforwardly good 12 months' as revenues and profits came in above market expectations.

Motion capture specialist OMG hailed a 'straightforwardly good 12 months' as revenues and profits came in above market expectations.

Group revenue was up by 11.9% to £29.5m, while adjusted profit before tax almost tripled to £3.0m.

The company proposed increasing its dividend by 17% to 0.35p after saying its 2d3 defence business delivered a maiden adjusted profit of £0.8m

Advertisement - Article continues below

Its Vicon division installed more systems and cameras than ever before with profits rising from £3.8m to £5.6m.

It had some high profile successes with Vicon's technology being used in the film Avengers Assemble as well as computer game "Call of Duty: Black Ops II".

Yotta, the firm's highways, software and services business, reported a loss of £0.3m.

New consumer division, OMG Life, opened a new avenue for growth, the firm said, but investment costs meant it made a £1.2m loss over the year.

Chairman Rchard Soley said the firm entered its new financial year with cautious optimism, excited, in particular, by the prospects for OMG Life and 2d3.

"We believe our strategy of market-focused diversification will enable the group to deliver on the board's expectations for the year ahead," he said.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


These seven charts show exactly why you must own gold today

Covid-19 is accelerating many trends that were already in existence. The rising gold price is one such trend. These seven charts, says Dominic Frisby,…
3 Jun 2020

Disease, rioting and mass unemployment – so why are markets soaring?

Despite some pretty strong headwinds in the last year, America’s S&P 500 stock index is close to all-time highs. John Stepek explains why markets seem…
4 Jun 2020
EU Economy

Why a stronger euro is good news for investors

The fragile state of the eurozone has for a long time brought the threat of deflation. But the ECB’s latest moves have dampened those fears. John Step…
5 Jun 2020