LATEST ASX STOCK PRICE: QXQ $0.35
KEY HEADLINES
23rd Dec 08Get on the Digital Map - By Fred Schebesta
26th Nov 08Optus Appoints 3Di for Interactive Advertising Sales
18th Nov 08100,000+ Members Join The Great New Zealand Survey
1st Nov 08Targeting the Market - By Fred Schebesta
18th Sep 08Market United Named 'Best' and 'Outstanding' by WebAwards
5th Sep 08Is your Online Marketing Agency a Dud?
23rd Jun 08 Fred Schebesta, Director of Freestyle Media, wins Anthill 30under30 award.
9th Apr 08Freestyle Media Wins 3 Mobile Online Direct Marketing Account
13th Mar 08Clear Blue Day wins for 4th year in a row
29th Feb 08Whereis Gets the Clear Blue Day Touch
29th Feb 08Q Ltd Half Yearly Report and Accounts
14th Dec 07Google Qualified Company
1st Dec 07Goodman Fielder new business win
20th Nov 07Strong membership growth
Q LTD HALF YEARLY REPORT AND ACCOUNTS
29th Feb 2008
Key Highlights
• Organic growth of 42.7% from businesses owned longer than 12 months
• Interactive Advertising Division sales revenue up 377.7%
• Acquisition of Market United Pty Ltd August 2007
• Acquisition of Clear Blue Day Pty Ltd August 2007
• Acquisition of The Great Australian Survey Pty Ltd October 2007
• Rights issue raising $7.2M before costs in August 2007
• Rights issue raising $5.3M before costs in December 2007
• Cash balance of $6.2M at December 2007
The Board of QXQ is pleased to report the half year results for the period from 1 July to 31 December 2007. Following the sale of its printing division in June 2007, the QXQ Group was able to put all its focus on growing its Interactive Advertising Division during the First Half of FY 2008.
Sales revenue grew by 377.7% to $12.0 million during the First Half compared to $2.5 million in the First Half of FY 2007. This includes both organic revenue growth and growth from acquisitions.
On a combined basis, revenue for the Group’s businesses which have been owned for 12 months or longer had an organic growth rate of 42.7% over the First Half of FY 2007. During the same period industry growth was reported by IAB Online Advertising Expenditure Report (PricewaterhouseCoopers 14.02.2008) to be 34.5%.
The Group incurred a net loss of $55,000 during the period compared to $355,000 in the corresponding period in FY 2007.
3 acquisitions were made during the period.
• Clear Blue Day Pty Ltd
• Market United Pty Ltd
• The Great Australian Survey Pty Ltd
In addition to this, a number of subsidiaries have opened a presence in other locations to help support their future growth. Although this has contributed to revenue growth, it has negatively impacted the Group’s profit during the First Half.
The Group’s subsidiaries have expanded their presence in the following locations:
The Board is pleased with the efforts and focus of management on integrating the newly acquired subsidiaries. Merging small unlisted businesses into a bigger listed Group brings challenges and management are addressing those as they arise.
Read the complete report here.
• Organic growth of 42.7% from businesses owned longer than 12 months
• Interactive Advertising Division sales revenue up 377.7%
• Acquisition of Market United Pty Ltd August 2007
• Acquisition of Clear Blue Day Pty Ltd August 2007
• Acquisition of The Great Australian Survey Pty Ltd October 2007
• Rights issue raising $7.2M before costs in August 2007
• Rights issue raising $5.3M before costs in December 2007
• Cash balance of $6.2M at December 2007
The Board of QXQ is pleased to report the half year results for the period from 1 July to 31 December 2007. Following the sale of its printing division in June 2007, the QXQ Group was able to put all its focus on growing its Interactive Advertising Division during the First Half of FY 2008.
Sales revenue grew by 377.7% to $12.0 million during the First Half compared to $2.5 million in the First Half of FY 2007. This includes both organic revenue growth and growth from acquisitions.
On a combined basis, revenue for the Group’s businesses which have been owned for 12 months or longer had an organic growth rate of 42.7% over the First Half of FY 2007. During the same period industry growth was reported by IAB Online Advertising Expenditure Report (PricewaterhouseCoopers 14.02.2008) to be 34.5%.
The Group incurred a net loss of $55,000 during the period compared to $355,000 in the corresponding period in FY 2007.
3 acquisitions were made during the period.
• Clear Blue Day Pty Ltd
• Market United Pty Ltd
• The Great Australian Survey Pty Ltd
In addition to this, a number of subsidiaries have opened a presence in other locations to help support their future growth. Although this has contributed to revenue growth, it has negatively impacted the Group’s profit during the First Half.
The Group’s subsidiaries have expanded their presence in the following locations:
| Subsidiary | New Location |
| 3Di | Auckland |
| Axis | Sydney |
| First Rate | Sydney |
| Melbourne |
The Board is pleased with the efforts and focus of management on integrating the newly acquired subsidiaries. Merging small unlisted businesses into a bigger listed Group brings challenges and management are addressing those as they arise.
Read the complete report here.
