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 2019.
The Company enjoyed a successful close to the financial year and expects to report revenues in-line with market expectations and adjusted PBT that is broadly in-line given the mix of revenues experienced across both divisions. Further, during the year the Company continued to generate good levels of cash from its operations. The net cash balance at 30 September 2019 stood higher year-on-year at £13.8m (FY18: £12.2m), even after the payment of Final and Special Dividends totalling £3.1m during the financial year.
The Group plans to announce Preliminary Results for the financial year ended 30 September 2019 on Tuesday, 3 December 2019.