Tuesday, 23 June 2009

Lo-Q sees full-year profits and revenue in line with market expectations

Theme park queuing systems group Lo-Q PLC (AIM: LOQ) Lo-Q PLC said whilst the main selling season has only just started, it expects its final revenues and profitability for the current financial year to be in line with market expectations.

Trading in its existing parks to date has been variable with some days of higher total value than last year, whilst other days have been substantially below, partly due to most of the existing parks experiencing poorer weather conditions when compared to the previous year.

However, on days when visitor numbers have been high, sales of Lo-Q devices have been higher as a percentage of total visitors than usually expected, the group said.

Lo-Q also noted that the levels of trading in its four new parks using the company's VQ2020 system have been encouraging. This system is a virtual queuing system using hand-held units called Q-bots.

Lo-Q will be presenting at our 0ne20ne Forum, Mayfair, London at 6pm, 25th June 2009. To attend, click here

http://www.proactiveinvestors.co.uk

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