BusinessCompany NewsFast-track company Lo-Q changes year end for ‘balance’

Fast-track company Lo-Q changes year end for 'balance'

Moving Lo-Q's year end to 31 December will provide a greater balance between the two halves of the company's financial year

LEISURE INDUSTRY TECHNOLOGY business Lo-Q has moved its accounting reference date to 31 December from 31 October.

The company – which uses text alerts and electronic buzzers to save guests from queuing – has made the move in order align its year end with those of its customers and its company entities.

It also noted in its announcement to the AIM stock exchange that the change will provide “a greater balance between the two halves of the company’s financial year”.

As a result, Lo-Q is to announce audited results for the 14 months to 31 December 2013 by 30 April 2014, while it expects to release a trading update in November in line with previous years.

Subsequently, interim and annual reports will be published for each of the six months to 30 June and 12 months to 31 December periods respectively.

Lo-Q’s queue fast-tracking products are used by around 130 attractions worldwide and have been used by approximately 8.4 million guests since 2001.

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