17 October 2018 - Oxford Metrics plc (LSE: OMG) the international software company servicing government, life sciences, entertainment and engineering markets, provides the following update on trading for the financial year ended 30 September 2018.
The Company enjoyed a successful close to the financial year and expects to report group revenues and adjusted PBT in line with current market expectations.
The Company has made good progress during the second year of its five-year growth plan and remains on track for its targets to double profits and triple recurring revenue by 2021. The trends reported for the first half of FY18 have continued, with a strong trading performance at Vicon and with Yotta building traction in its marketplace following a period of investment.
The cash balance for the year closed at £12.2m (FY17: £9.8m*) after the payment of a final dividend totalling £1.5m in March 2018.
The Group expects to announce Preliminary Results for the financial year ended 30 September 2018 on Tuesday, 4 December 2018.
*on a like for like basis
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