Lo-Q, the AIM-listed provider of virtual queuing systems for theme parks and attractions, has announced a 29.2 per cent increase in pre-tax profits for the ten months to 31 October 2009.

Announcing its preliminary results, the group also said that it had seen its revenue increase by 27.9 per cent (from £13.25m in 2008 to £17.3m) during the period.

Pre-tax profits were £2.39m compared to £1.85m in 2008.

Jeff McManus, chair of Lo-Q, said: "We have added new customers, grown revenues and profits, and maintained a very strong cash position all in the face of an incredibly tough retail trading environment.

"While we expect to see 2010 as another year of growth in the face of tough trading we are taking advantage of our secure financial position to re-invest in our existing products but also into new products that can open up whole new growth areas by targeting a wide variety of worldwide leisure parks."