17th Nov 2015 11:36
LONDON (Alliance News) - InternetQ PLC on Tuesday said it made further commercial progress across both of its divisions, as it reported a rise in revenue for the first nine months of 2015.
The company reported a slight rise in adjusted pretax profit to EUR7.9 million in the nine months to end-September, up from EUR7.6 million a year before, as revenue rose to EUR105.6 million from EUR88.2 million. It did not detail how its pretax profit figure was adjusted.
InternetQ has two divisions, its business-to-business division which has mobile marketing products including Minimob, and its business-to-consumer division which provides digital entertainment products including music streaming application Akazoo.
"We have seen continued strong commercial momentum across the B2B and B2C businesses over the last nine months. We recently released the landmark self-service advertiser platform, as a separate feature of Minimob, and noted a positive adoption of the proposition by our clients and partners. At the same time, the ongoing restructuring of Akazoo positions us well to continue to accelerate future growth in our B2C segment," said Chief Executive Officer and Founder Panagiotis Dimitropoulos in a statement.
Shares in InternetQ were up 3.7% at 168.75 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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