UK based television gaming firm NetPlayTV has released its year end 2011 financial results, highlighting a better performance than in the past.
Key financial indicators for the full year 2011 were:
12.4% increase in Group revenue to £22.3 million (2010: £19.8 million)
18.6% rise in casino revenue to £20.6 million (2010: £17.4 million)
EBITDA from continuing operations £3.4 million (2010: negative EBITDA of £2.8 million)
Profit before tax £600,000 (2010: Loss before tax of £14.2 million)
Operational cash flow of £2.5 million (2010: negative £3.8 million)
Company Operational Highlights were:
Five year contract with Channel 5
Successful launch of Supercasino iPad app
New TV pre midnight advertising strategy
First Quarter 2012 highlights so far are:
New two year broadcast agreement with ITV
Q1,2012 average daily revenue 20% up on Q1,2011 9% increase on Q4,2011
iPhone and iPad applications for Jackpot 247 game
Speaking about his company's financial results, NetPlayTV CEO Charles Butler 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."