InternetQ trading in line after limiting euro exposure
Mobile marketing and digital entertainment services firm InternetQ rose on Tuesday after saying that adjusted earnings and profits for the year ended 31 December should be in line with market expectations.
Mobile marketing and digital entertainment services firm InternetQ rose on Tuesday after saying that adjusted earnings and profits for the year ended 31 December should be in line with market expectations.
Since acquiring i-POP, the group has dramatically increased its exposure to the Southeast Asian market, which it believes continues to be of great strategic importance. The company also stressed that it had limited its exposure to Eurozone nations, particularly Greece, with more than 65% of total revenues now being non-euro denominated.
Chief executive officer Konstantinos Korletis added: "We continue to see strong demand for our services driven by a combination of our leading position in key markets, our expanded global footprint and the continued demand for innovative mobile marketing services as a reliable alternative to traditional methods.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"With strong cash reserves and limited exposure to the Eurozone area, we remain confident we will meet market expectations."
InternetQ expects cash to about €12m at 31 December.
The share price rose 10.8% to 138.5p by 13:43.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.