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.

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.

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"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.

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