11th Jul 2012 07:00
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
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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)
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INTQ.L