OMG posts full-year loss

5th Dec 2013 08:48

- Books full-year loss- Cautiously optimistic as global economy improves- Increases dividend by 14 per centTechnology group OMG reported a pre-tax loss for the full-year compared to a profit the year earlier as it enters the year ahead with cautious optimism as the global economic outlook shows signs of improvement.The imaging software provider for the entertainment, defence, life science, engineering and consumer markets booked a loss before tax of £0.4m in the financial year ended September 30th 2013 from a profit of £1.8m before. Revenue was unchanged at £29.5m.CEO Nick Bolton said: "As the global economic outlook shows signs of improvement, we enter the year ahead with cautious optimism. Our four businesses, three of which are operating profitably have every opportunity to develop further in 2014. The task for us now is to execute on the promising possibilities ahead."The group has recommended a dividend of 0.40p, increased by 14%. "We anticipate that momentum in the year ahead will be driven by the growing market traction for Autographer, 2d3's broadened customer base and strengthened pipeline, Yotta's improved recurring revenue base and cross-selling opportunities, and Vicon's extending global reach and growing market applicability," the group explained.CJ