Electronic queuing system provider Lo-Q says pre-tax profits this year will surge from £551,000 to at least  £1.85 million.

The Henley-based company has won deals with Six Flags Inc of the USA, the world’s largest theme park operator, and others with its VQ 2020 ‘guest queuing system’ for cutting wasteful queuing time. AIM-quoted Lo-Q increased first-half pre-tax profits from £14,327 to £182,000 on turnover up by £1.4 million to £4.1 million and says trading since September has 'exceeded management expectations’, further assisted by the continued strength of the US dollar.

Chairman Jeff McManus says ‘the strong performance of the business has continued into the final part of the trading season, which is traditionally a quiet period for the company’. After a disastrous period on AIM, when Lo-Q shares sank from 2002’s £1 float price to below 5p last year, the shares have now rallied to 38p, valuing the company at £5.8 million, and could show more resilience than some others.

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Lo-Q	AIM	£6.43m	42.00p	0.00p
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Other company articles:
Lo-Q			24/11/2008
Strong dollar helps Lo-Q			21/11/2008
Interim surge at Lo-Q			15/08/2008
Lo-Q sees high growth			28/01/2008
American ambitions			06/11/2006