UK based online and television betting operator Netplay TV has released its 2013 financial results, noting an increase in Net Revenues and Profits.
Key financial indicators for the year ending December 31st, 2013 were:
31 percent increase in net revenue to GBP 28.5 million (2012: GBP 21.8 million)
21 percent increase in EBITDA to GBP 5.2 million (2012: GBP 4.3 million)
32 percent increase in adjusted earnings per share to 1.68 pence per share (2012: 1.27 pence per share)
15 percent increase in profit for the year and total comprehensive income to GBP 4.1 million (2012: GBP 3.6 million)
Cash and cash equivalents up by 13 percent from GBP 12.3 million to GBP 13.9 million.
42 percent increase in final dividend proposed to 0.32 pence per share (2012: 0.225 pence per share) resulting in a total dividend of 0.50 pence per share (2012: 0.375 pence per share).
Company highlights for the year were:
New three-year ITV agreement signed in April 2013, extending the number of nights of Jackpot247 from four to six per week;
SuperCasino.com was the headline sponsor of Big Brother and Celebrity Big Brother;
Acquisition of Vernons.com, the e-gaming business, delivering diversification through online casino, bingo, and sportsbook;
Significant investment in pure online digital marketing;
Management structure strengthened for next phase of growth.
Company CEO Charles Butler commented on the results, noting: “This has been a great year for NetPlayTV, delivering our third consecutive year of net revenue growth in excess of 20 percent and increasing EBITDA by 21 percent to a record GBP 5.2 million. We have continued to be highly cash generative during the year and are pleased to announce a 42 percent increase in the final dividend to 0.32 pence per ordinary share."
"The Group continues its significant investment in marketing and product development which has resulted in an impressive 25 percent increase in new depositing players."
"The acquisition of the Vernons.com e-gaming business towards the end of the year presents new growth opportunities with the addition of sportsbetting and bingo to the existing core casino offering. This acquisition highlights our strategy for growth both organically and via strategic acquisitions."
"The Group is well positioned in its current markets, and looks forward to building upon the success of 2013.”