Netplaytv Enjoys Third Consecutive Year Of Revenue Growth

NETPLAYTV ENJOYS THIRD CONSECUTIVE YEAR OF REVENUE GROWTH

29th May, 2014 at 03:12:38
Source: http://www.azonlinecasinos.com

EBITDA up 21% to a record 5.2 million.

Speaking at the company's agm Thursday, NetPlayTV chairman Clive Jones said that the UK-based online and interactive television gambling company has enjoyed another very strong performance in 2013, delivering a third consecutive year of net revenue growth in excess of 20% and increasing EBITDA by 21% to a record 5.2 million.

"We have continued to be highly cash generative with the year end cash balances standing at 13.9 million. We are therefore pleased to have recommended a final dividend of 0.32 pence per share," the chairman said.

Jones noted that in quarter 2 this year average daily net revenues continue in an upward trend compared with the same period in 2013.

"In line with the group's stated marketing strategy, its brand SuperCasino will be the headline sponsor for Big Brother and Celebrity Big Brother from June to September. In addition, the company is pleased to announce that its brand Vernons.com will sponsor the Walkabout chain of sports bars throughout the UK until May 2015.

"We anticipate that 2014 will be a year of further financial progress, and we look forward to updating the market with our Q2 KPIs in July," Jones concluded.

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