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

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 �1.4m to �4.1m 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 risen 72 per cent to 39.5p since Growth Company Investor highlighted them at 23p in January and could show more resilience than some others.

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