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NetPlay TV Continues Strong Performance

Internet television betting firm NetPlay TV has released its first half 2013 financial results, noting an increase in profits and net revenues.

Key financial indicators for the half ending June 30th, 2013 were:

  • 36% increase in net revenue to £14.2 million (H1,2012: £10.4 million)

  • 17% increase in EBITDA to £2.7 million (H1,2012: £2.3 million)

  • Strong cash generation, cash and cash equivalents increasing by £2.6 million to £14.9 million from £12.3 million (H1,2012: £2.6 million increase to £10.5 million from £7.9 million)

  • 47% increase in profit before tax to £2.3 million (H1,2012: £1.6 million)

  • Interim dividend increased by 20% to 0.18p per share (H1,2012: 0.15p)

  • ITV1 broadcast agreement renewed in April

Casino Key Performance indicators are listed as:

  • 31% increase in new depositing players to 32,618 (H1,2012: 24,951)

  • 32% increase in average quarterly active depositing players to 29,311 (H1,2012: 22,258)

  • Mobile and tablet wagering now accounting for 28% of total net revenue and 34% of new depositing players (H1,2012: 10% of total net revenue and 18% of new depositing players)

  • New online marketing strategy delivering positive results.

Highlights for the start of the second half are:

  • Continued strong trading in Q3 with average daily net revenue up 17% on the same period last year

  • Full year results expected to be in-line with current market expectations

Commenting on his company's performance NetPlay TV Executive Charles Butler said, “I am pleased to announce that following such a strong 2012, the company’s growth trajectory has continued with significant increases in all of the group’s KPIs. Our investment in mobile and tablet continues to deliver positive results, and accounted for 28% of net revenue during the period."

"In addition, our accelerated investment in pure online marketing is continuing to have a positive impact. This complements our existing TV marketing and represents the group’s broadened marketing strategy, which underpins both our current and future growth."

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