News blog
Lo-Q
- BY: Andrew Hore |
- POSTED: 22/09/2008 |
Lo-Q says that its full year profits will be much better than expected.
The theme park virtual queuing technology developer was expected to make profits of £680,000 for 2008. Earnings per share would have been 4.58p. Lo-Q says that profits will be more than double the original forecast.
The shares jumped 7.5p to 31p, valuing Lo-Q at £3.6m. The shares are probably trading at little more than three times forecast earnings.
There was strong summer demand for the company’s Q-bots at the theme parks that use them. Higher prices and the strengthening US dollar also helped.
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