Q-FREE ASA - RESULT FOR THE SECOND QUARTER 2011
“An acceptable quarter and important improvements achieved both with respect to revenues and profitability”, says CEO Dr. Øyvind Isaksen.HIGHLIGHTS - Revenues 202.4 MNOK, 19 % increase compared to Q2-10. - Operating profit (EBIT) 16.3 MNOK, 8.0% margin - Pretax profit 14.0 MNOK, 6.9 % margin - First two payments from settlement agreement with SkyToll in Slovakia received, - cash position improved significantly - Order intake 60 MNOK, - main contributor a tag order worth 19 MNOK from ETC/Sanral in South Africa - Order backlog
