OMG's profits prove to be extremely animated
FILM animation group OMG has revealed that trading in the current financial year is in line with expectations, with all parts of the business progressing well.
The group said in its AGM statement that its Yotta DCL division, which provides geospatial services and software for highway asset management, mapping and street-level imaging, was seeing asset collection gaining momentum as the year progresses.
OMG's technology has been used in the Harry Potter films, blockbuster Beowulf and the Citroen dancing car adverts.
Chairman Anthony Simonds-Gooding said: "Since the beginning of the period, the Yotta DCL team have signed several new deals."
Last November, the group, which has a market cap of 32.49 million, said demand from video game and film makers helped it post record profits despite losses at Yotta.
OMG lifted profit for the year to 30 September by a bigger than expected 11 per cent to 1.84m.
Turnover rose to 19.6m from 16.3m, with motion capture business Vicon the biggest earner, boosting revenues by 14 per cent to 18.5m and operating profit by 48 per cent to 2.76m.