Lo-Q profit and sales up 17%

Posted | Contributed by Jeff

Lo-Q (LON:LOQ) posted bumper profits last year as more people who visited theme parks used its virtual queuing technology. The company said the 17 per cent increase in profits to £2.7 million and 20 per cent increase in revenues to £24.5 million exceeded both its own and the market's expectations. Like-for-like sales rose by 17 per cent, while there was a nine per cent increase to 1.2 million in people at the parks using the company’s virtual queuing products.