INTQ.L Share News (INTQ)

LONDON (Alliance News) - InternetQ PLC said Tuesday that its strong trading momentum has continued into the second-half, and expressed confidence in meeting market expectations for the full-year.

The mobile marketing and digital entertainment services company posted a pretax profit of EUR3.5 million, slightly down from EUR3.6 million a year before, as revenue rose to EUR65.7 million from EUR43.0 million, but this was offset by a jump up in operating costs.

Revenue growth was bolstered by acquisitions, as well as strong growth in its business to business and business to consumer segments. However, the integration of these acquisitions, alongside the company's expansion into new geographies bumped up operating costs.

InternetQ said that its integration of Interacel - renamed InternetQ LatAm - had been successful, and its integration of UpMobile is proceeding to plan.

Additionally the company invested EUR7.1 million in its Akazoo and Minimob software platforms. It will invest a slightly lower amount into these products in the second-half, it said.

"Market trends continue to move in InternetQ's favour with mobile marketing now a significant part of many company's sales strategies," said Chief Executive Panagiotis Dimitropoulos in a statement.

Shares in InternetQ were trading 1.0% higher at 232.25 pence per share Tuesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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