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Q to emphasise organic growth in FY11

Q to emphasise organic growth in FY11

Interactive advertising company Q Limited (ASX:QXQ) plans to emphasise organic growth in FY11, after swinging to a large loss in FY10.

The company has decided such a focus is the best way to benefit from the projected overall growth in the market for the year, chairman Kevin Campbell said in a note to shareholders.

Q Limited reported a loss of $27.9 million for the year - compared to a profit of $774,000 in FY09 – as a result of a significant impairment charge taken partly due to the effects of the global financial crisis.

CEO Paul Choiselat said Q expects an improved performance in FY11, barring any unforseen circumstances or a deterioration in Australasian economies.

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Tags online advertisingGuidanceQ LimitedASX:QXQ

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