InternetQ grows ahead of expectations

Mobile marketing and digital entertainment company InternetQ has continued its strong organic growth and anticipates first half 2012 revenue to comfortably exceed 30m euros, representing organic growth of over 50 per cent.

In addition, earnings before interest, tax, depreciation and amortisation and after tax profitability are both 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," the firm said.

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"Revenue diversification continues, with Asia and Africa growing faster than the rest of the markets."

As of June 30th 2012, the company maintained a net cash position of over €4m and continues to see significant opportunities for further growth, both in mobile marketing and mobile entertainment.

The share price rose 6.41% to 224p by 09:21.

NR