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Lo-Q

  • BY: Andrew Hore |
  • POSTED: 21/11/2008 |

Lo-Q says that its 2008 profit will be more than £1.85m, which is significantly ahead of expectations.

The profit forecast for 2008 was previously £1.36m. The figure has been flattered by the strength of the dollar.

The shares rose 6.5p to 38p, which values Lo-Q at £5.82m. The shares are trading on less than five times prospective earnings.

The theme park virtual queuing technology developer recently announced that Six Flags will install its system in a further two parks taking the total using the system to 10.

Another trading statement will be made in the week commencing 19 January.

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