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Trading update

13 Jul 2011 07:00

RNS Number : 2955K
InternetQ plc
13 July 2011
 

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)

 

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