Loqus Holdings plc - Interim Directors’ Statement

Tuesday, September 16th, 2014

On 15 September, Loqus Holdings plc published its Interim Directors’ Statement updating the market on the Group’s performance during the last quarter of its financial year ended 30 June 2014. During the period under review, the financial situation of the Group improved due to the progress achieved on government projects. Furthermore, the financials were positively impacted by a decrease in the amortisation charge and net financing costs. As such, the results for the financial year ended 30 June 2014 are expected to show a significant improvement in the bottom line to a break-even position.

The announcement also explained that a new subsidiary, Loqus Fleet Limited, has now been established as part of the Group’s strategy to consolidate its Fleet Management IPR. In this respect, the Directors also noted that further progress has been achieved in the setting up of a pan-European fleet management alliance that will enhance and complement the individual parties’ growth and value.

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