10th Nov 2014 09:55
LONDON (Alliance News) - InternetQ PLC Monday expressed confidence in meeting market expectations for the full year, as it saw its adjusted pretax profit rise in the nine months to end September.
The mobile marketing and digital entertainment firm did not provide details of how pretax profit has been adjusted, but said its adjusted pretax profit rose 26% to EUR7.6 million from EUR6.0 million a year before.
Revenue rose to EUR88.2 million from USD73.5 million in the nine months, including an 11% rise in mobile marketing revenue and a 70% rise in digital entertainment revenue.
In its mobile marketing business increased integration with mobile advertising networks, new client wins and contract extensions drove revenue growth and profitability. It said 23 more advertising networks were integrated with its Minimob platform, bringing its total to 105.
In digital entertainment the company won deals with mobile network operators, which helped to drive its international expansion.
"The mobile marketing and digital entertainment markets are going through a massive and exciting period of change. InternetQ is very well positioned to capture this potential and continues to deliver against its stated growth strategy of broadening its geographical reach whilst further strengthening its service offering," Chief Executive Panagiotis Dimitropoulos said in a statement.
Shares in InternetQ are trading up 0.6% at 271.33 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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