13th Jul 2011 07:00
For immediate release | 13 July 2011 |
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 the following trading update for the six months ended 30 June 2011.
The Board is pleased to report that InternetQ has delivered a good trading performance for the period and expects revenue, EBITDA and pre tax profit to be in line with expectations.
The integration of i-POP is progressing well and is expected to be earnings neutral for 2011 and earnings accretive thereafter.
The successful £12 million placing completed in June 2011 will enable InternetQ to accelerate a number of key strategic initiatives, including:
·; The expansion of the Group's mobile marketing services into high growth emerging territories.
·; Provide additional working capital to InternetQ's newly acquired South East Asian operation. Support an ongoing IT and systems maintenance upgrade programme across the Group's operations.
·; Strengthen InternetQ's balance sheet whilst providing additional funds for both organic and acquisitive growth.
InternetQ will announce interim results for the six months ended 30 June 2011 on 12 September 2011.
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 /Tim Thompson/Gabriella Clinkard
| Tel: +44 (0)20 7466 5000 |
Grant Thornton Corporate Finance Philip Secrett / Fiona Kindness
| Tel: +44 (0)20 7383 5100 |
RBC Capital Markets Stephen Foss / Pierre Schreuder / Daniel Conti | Tel: +44 (0)20 7653 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)
Related Shares:
INTQ.L