NetPLayTV half year results

Thursday September 13, 2012 : HALF YEARLY RESULTS POSTED BY NETPLAYTV
 
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 percent to GBP 13.02 million (H1 2011: GBP 9.81 million)
* EBITDA improved by 49 percent to GBP 2.35 million (H1 2011: GBP 1.58 million)
* Strong Cash generation, increasing by GBP 2.60 million to GBP 10.54 million
* Profit before tax up 500 percent to GBP 1.61 million (H1 2011: GBP 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 percent to 24,951 (H1 2011: 14,364)
* Total active depositing players increased by 51 percent to 36,730 (H1 2011: 24,254)
* Mobile and tablet new depositing customers accounted for 18 percent 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 percent 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."