GOOD YEAR FOR INTERACTIVE T.V. GAMBLING COMPANY
28th May, 2013 at 03:10:02
NetPlayTV has come a long way since the dark days of 2010
From a company struggling with losses back in 2010, the UK interactive television betting company NetPlayTV has come a long way, reporting at today's (Tuesday) agm a solid 2012 set of results. NetPlay have two casino products featured on AZOC's online casinos list
Chairman Clive Jones said: "Following NetPlayTV's record results for the financial year ended 31 December 2012 and strong Q1 trading update, the company is pleased to announce that Q2-2013 average daily net revenues continue to grow compared with the same period last year.
The board of directors has recommended a maiden final dividend of 0.225p per share.
"2012 was a record year for NetPlayTV with net revenue up 27.5% to £ 21.8 million: £ 17.1 million), EBITDA of £ 4.3 million (2011: EBITDA of £ 3.3 million), profit before tax of £ 3.1 million (2011: £ 600,000) and net cash from operating activities of £ 4.3 million (2011: £ 2.5 million)," Jones told investors.
Mobile and tablet performance throughout 2012 has surpassed our expectations, and accounted for 12% of all new depositing customers in Q1 rising to 31% by Q4.
The company reports total assets of £ 19,308 000 and net cash on hand as at December 31 2013 of £ 12,275,000.
Average quarterly new depositing casino players over the year reached 12,725
Jones said that the company has delivered its second consecutive year of net revenue growth in excess of 20 percent.
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