InternetQ plc unaudited RESULTS

InternetQ plc unaudited RESULTS

InternetQ, one of the leading providers of mobile marketing and digital entertainment solutions for mobile network operators and brands, is pleased to report interim results for the six months ended 30 June 2011.

Financial HighlightS

  • Revenue : €21.8 million (€18.8 million in H1-2010)
  • EBITDA : €2.9 million (€2.6 million in H1-2010)
  • Operating profit : €1.6 million (€1.7 million)
  • Profit after tax: €1.4 million (€1 million in H1-2010)
  • Earnings per share: €0.05

Operational Highlights

  • Continuous revenue growth for mobile marketing by 23% to €18.4 million
  • Penetration of new territories in Asia and Africa
  • Acquisition of i-POP, which gives the Company a leading position in Southeast Asia
  • 62% growth to 450K AKAZOO subscribers during this first half 2011

Konstantinos Korletis, Chief Executive Officer of InternetQ commented:
"InternetQ has continued to grow uninterrupted and remains confident of  its strategy to tap into new high growth markets of Asia, CIS and Africa, despite persistent unrest across global markets and the economic turmoil that grows strongly in Europe and the US. At the same time, we have fortified our position by raising more cash, which is proving increasingly valuable during this period of high volatility for the capital markets.

We expect to continue growing strong during this second half, particularly in Turkey, Russia and Southeast Asia, where we most recently acquired i-POP, a leading mobile marketer and aggregator based in Singapore. Expanding our footprint further, attracting new talent and keeping abreast with technology developments remain at the center of our efforts."

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