Loqus Holdings plc - Interim Results

On 1 March 2010, Loqus Holdings plc (formerly Datatrak Holdings plc) published its Interim Results for the six months ended 31 December 2009. The Group registered a turnover of €1.6 million, representing an increase of 8.6% over the comparative period. Despite the increase in revenue, the IT Group still incurred a loss of €201,238. Nonetheless this is still an improvement compared to the loss of €434,401 registered in the comparable period ended 31 December 2008.

During the period under review the Group changed its name from Datatrak Holdings plc to Loqus Holdings plc. The change of name was undertaken in order to enable the Group to expand its operations beyond fleet management and move into new ICT development areas, consultancy and other services.

In the Half Year Report, the Directors explained that the Group has been awarded a European Research and Development Fund (ERDF) highlighting the Group’s dedication to innovation. Moreover the Directors also stated that the Group has been awarded two significant Government ICT tenders.

Furthermore the Group reported important new international signings in the UK and Italy during the period under review.

Download a copy of the Half-Year Report.

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