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NetPlayTV results are perking up
4/24/2012 : INTERACTIVE TV GAMBLING GROUP GATHERING MOMENTUM AGAIN
NetPlayTV results are perking up
The UK interactive television gambling group NetPlayTV has posted its preliminary results for the year ended 31 December 2011, showcasing better progress and the following financial highlights:
* 12.4 percent increase in Group revenue to GBP 22.3 million (2010: GBP 19.8 million)
* 18.6 percent rise in casino revenue to GBP 20.6 million (2010: GBP 17.4 million)
* EBITDA from continuing operations GBP 3.4 million (2010: negative EBITDA of GBP 2.8 million)
* Profit before tax GBP 600,000 (2010: Loss before tax of GBP 14.2 million)
* Operational cash flow of GBP 2.5 million (2010: negative GBP 3.8 million)
Operational Highlights included:
* Five year contract with Channel 5
* Successful launch of Supercasino iPad app
* New TV pre midnight advertising strategy
Other more recent developments include:
* New two year broadcast agreement with ITV
* Q1 2012 average daily revenue 20 percent up on Q1 2011 9 percent increase on Q4 2011
* iPhone and iPad applications for Jackpot 247 game
Commenting on the results, Charles Butler, NetPlayTV’s chief executive said:
“We are very proud of the significant strategic and commercial progress made over the past year, and the robust results announced today illustrate the strength of the company’s live TV casino proposition.
“We are confident in the opportunities for growth available in the existing UK markets through a combination of strong customer acquisition and product development, whilst also pursuing quality international expansion opportunities. We will continue to leverage our strong broadcaster relationships to drive growth and in turn create long term shareholder value."
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