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Trading update

11th Jul 2012 07:00

RNS Number : 3767H
InternetQ plc
11 July 2012
 

INTERNETQ plc

("InternetQ" or "the Group")

 

Trading Update

 

 

InternetQ, one of the leading providers of mobile marketing and digital entertainment solutions for mobile network operators and brands, today issues a trading update for the six months ended 30 June 2012.

 

The Board is pleased to report that InternetQ has continued its strong organic growth and anticipates first half 2012 revenue to comfortably exceed €30 million, representing organic growth of over 50%. Moreover, EBITDA and after tax profitability are also expected to be in accordance with market forecasts.

 

The Company's continued revenue growth stems from strong business momentum in both existing and new markets, with important new contracts in Russia, Pakistan, Thailand and Turkey. Revenue diversification continues, with Asia and Africa growing faster than the rest of the markets.

 

As of 30 June 2012, the Company maintained a net cash position of over 4 million and continues to see significant opportunities for further growth, both in mobile marketing and mobile entertainment.

 

InternetQ will announce interim results for the six months ended 30 June 2012 on 25 September 2012.

 

 

For further details

 

InternetQ

Konstantinos Korletis, Chief Executive Officer

Veronica Nocetti, Finance Director

 

 

Tel: +30 211 101 1101

Tel: +30 (693) 260 0128

Tel: +30 (694) 420 5275

Buchanan Communications

Jeremy Garcia / Gabriella Clinkard

 

Tel: +44 (0) 207 466 5000

Grant Thornton Corporate Finance

Philip Secrett / David Hignell

 

Tel: +44 (0) 207 383 5100

RBC Capital Markets

Stephen Foss / Pierre Schreuder

Tel: +44 (0) 207 653 4000

 

 

About InternetQ

 

InternetQ is a trusted global leader in mobile marketing and digital entertainment solutions listed on the AIM market of the London Stock Exchange. Its proprietary technology platforms support some of today's most recognized brands and enterprises with innovative solutions to help manage mobile interactive communications and push the frontiers in digital mobile entertainment. (INTQ: trading symbol)

This information is provided by RNS
The company news service from the London Stock Exchange
 
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