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Netplay TV H1-2016 Report
NETPLAY TV UPBEAT ON H1 PERFORMANCE
Momentum generated last year continues into 2016, says CEO.
UK interactive gaming firm NetPlay TV plc posted encouraging interim results for the six months ending 30 June 2016.
Key Performance Indicators for the six month period ending June 30 2016 include:
- 15 percent increase in net revenue to GBP 14.7 million (H1/2015: GBP 12.7 million)
- Adjusted EBITDA increased 31 percent to GBP 1.7 million (H1/2015: GBP 1.3 million)
- Adjusted profit before tax increased 30 percent to GBP 1.4 million (H1/2015: GBP 1.1 million)
- Adjusted earnings per share increased 30 percent to 0.52 pence per share (H1/2015[‡]: 0.40 pence per share)
- Reported profit before tax and total comprehensive income of GBP 1.0 million (H1/2015: GBP 0.2 million)
- Cash and cash equivalents of GBP 9.0 million (H1/2015: GBP 15.8 million) after one-off payments in relation to the special dividend declared at the time of the FY2015 results (GBP 2.2 million).
- Strong contribution from the B2B operating segment with GBP 2.1 million of revenue and GBP 0.4 million to adjusted EBITDA
- 3 percent increase in new depositing players to 43,723 (H1/2015: 42,305)
- 3 percent increase in active depositing players to 65,200 (H1/2015: 63,411)
The company is upbeat on its future prospects following the extension of a key broadcast relationship with ITV for a further three years along with the roll out of new omni-channel content.
"These results show that the momentum delivered in the last year has continued into 2016 and we are very pleased to be reporting growth in overall Group revenue and profit,” Bjarke Larsen, chief executive officer of NetPlay TV said.
"We set out our growth strategy at the beginning of the year and are focused on continuing to deliver against this. There has been significant M&A activity in the industry, and the Group, with its solid balance sheet, is well placed to pursue those opportunities that the board believes will be earnings enhancing."
On the back of the results, the company announced an interim dividend of GBP 0.22 pence/share (H1/2015: 0.22 pence/share).
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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