20th Jan 2014 08:24
LONDON (Alliance News) -InternetQ PLC said Monday it had seen revenues increase by nearly 40% to over EUR100 million during the year ended December 31, 2013 and said profit margins improved in the second half.
The mobile marketing and digital entertainment company said the improved margin had driven annual adjusted earnings before interest, tax, depreciation and amortisation to over EUR16.1 million, in line with expectations.
InternetQ's social media platform Akazoo continued to perform well, it said, seeing growth in Asia, Africa and Latin America.
InternetQ said it was in active discussions with a number of new and existing customers as a result of its acquisition of Atlas Interactive in July 2013, which was subsequently renamed InternetQ GmbH.
Shares in InternetQ were trading up 9.9% at 368.00 pence early Monday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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