Q flags improvement in FY11 results

Q flags improvement in FY11 results

Interactive advertising company Q Limited (ASX:QXQ) has tentatively flagged an improvement in its FY11 results relative to its earnings from last year.

In a note to investors in the company's annual report, Q CEO Paul Choiselat said that “in the absence of unforeseen circumstances or deterioration in the Australasian economies,” he expects an improved performance for the company, but did not give any figures.

Chairman Kevin Campbell added that the company plans to “further focus on organic growth to benefit from the projected overall market growth and our company's suite of products.”

Q reported a swing to a $27.7 million loss in FY10 due to a $20.2 million impairment charge. But revenue grew 1.7% to $27.6 million.

QXQ shares are today trading unchanged at $0.040.

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Tags advertisingGuidanceQ LimitedASX:QXQPaul ChoiselatKevin Campbell

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