22nd Jul 2014 10:18
LONDON (Alliance News) - Galasys PLC said Tuesday that it expects to meet market expectations, as it performed well in its half-year to the end of June.
The theme park ticketing systems and services company floated on AIM in May, raising GBP3.1 million. It said that during the half-year it had won contracts with 19 new amusement parks in Asia, including its first ever movie theme park ticketing contract with the Dalian Wanda Group Co Ltd.
Galasys said that the market continued to be strong in China, that it has successfully integrated its acquisition Green Laser Technology Sdn Bhd, and that the business is performing ahead of management expectations.
"The Board is delighted with the Group's performance in the first six months of 2014. The performance is particularly impressive given the management time taken in completing our successful IPO," said Chief Executive Kok Wah Seah in a statement. "Since the IPO we have continued to win significant new contracts with some of China's most important theme park operators and look forward to delivering a good performance for the full year."
Galasys said that it will publish its half-year results in early September.
Shares in Galasys were trading down 1.2% at 20.00 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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