News blog
Lo-Q
- BY: Andrew Hore |
- POSTED: 10/04/2008 |
Theme park virtual queuing technology developer Lo-Q has reported higher profits for 2007.
The figures were flattered by capitalised development spending of £428,000. This is now being written off over a five year period instead of as incurred. Even so operating profits increased from £337,000 to £566,000 as revenues nearly quadrupled to £7.8m.
The system has been upgraded so that it can be used for shows as well as rides.
The deal with Legoland Windsor was too late to contribute to these results.
Management believes that more theme parks will become interested in the technology and it is trying to integrate it with other companies’ products.
The shares rose 0.5p to 25p, valuing Lo-Q at £3.83m.
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