Half Yearly Results Posted By Netplaytv

HALF YEARLY RESULTS POSTED BY NETPLAYTV

12th September, 2012 at 04:08:30
Source: http://www.azonlinecasinos.com

Revenues and profits up markedly in H1-2012

The British interactive television gambling group NetPLayTV plc has joined the growing number of online gambling companies posting better half yearly results, reporting highlights for H1-2012 ending June 30 that include:

* Revenue up by 33% to 13.02 million (H1 2011: 9.81 million)

* EBITDA improved by 49% to 2.35 million (H1 2011: 1.58 million)

* Strong Cash generation, increasing by 2.60 million to 10.54 million

* Profit before tax up 500% to 1.61 million (H1 2011: 270,000)

* ITV1 broadcast agreement renewed in April

* Maiden interim dividend of 0.15p per share (H1 2011: nil)

Casino Key Performance indicators

* New depositing customers increased by 74% to 24,951 (H1 2011: 14,364)

* Total active depositing players increased by 51% to 36,730 (H1 2011: 24,254)

* Mobile and tablet new depositing customers accounted for 18% of total depositing sign ups

* Increased marketing expenditure and TV advertising has led to the strong increase in depositing players

Current trading

* Continued strong trading in Q3 with average daily revenue up 28% on the same period last year

* Full year EBITDA expected to be ahead of current market expectations

Commenting on the results and the trading update, Charles Butler, NetPlay TV's group CEO, said:

We have continued to see an increase in active depositing casino players and further investment in marketing has made a significant impact.

Thanks to our continued drive for growth and the resulting increase in revenue and profitability, we are delighted to announce our maiden interim dividend which is a demonstration of the Board's confidence in NetPlay's business model and the company's future growth. We look forward to continued success and to creating further value for our shareholders."

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