21st May 2015 08:06
LONDON (Alliance News) - InternetQ PLC said Thursday it made a "strong start" to 2015 as revenue rose 11% in the first quarter, with strong growth in its mobile marketing and digital entertainment divisions.
Adjusted earnings before interest, tax, depreciation and amortisation rose to EUR6.2 million in the quarter to end-March, compared to EUR4.8 million a year before, and revenue rose to EUR33.5 million from EUR30.3 million.
"We have made a strong start to 2015 with both our mobile marketing and digital entertainment businesses performing in line with our expectations for revenue and higher than expected for profit. We ran a number of successful campaigns for high profile brands through our mobile advertising platform and are pleased to have good future visibility, with a strong pipeline for both businesses, in particular in Asia and Latin America," said Chief Executive Officer Panagiotis Dimitropoulos in a statement.
Shares in InternetQ are trading up 3.6% at 330.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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