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NetPlayTV Financials Dip

Internet and television based betting firm NetPlayTV has announced that its half year results are in, with more players depositing than during the same half of last year.

Key financial indicators for the first half of 2014 were:

  • 24 percent increase in new depositing players to 40,585 (H1 2013: 32,618)

  • 29 percent increase in active depositing players to 62,356 (H1 2013: 48,218)

  • Mobile and tablet now accounting for 36 percent of total net revenue and 39 percent of new depositing players (H1 2013: 28 percent of total net revenue and 34 percent of new depositing players)

  • Net revenue of GBP 14.5 million (H1 2013: GBP 14.2 million)

  • EBITDA down at GBP 2.2 million (H1 2013: GBP 2.7 million)

  • Adjusted earnings per share down at 0.70 pence per share (H1 2013: 0.87 pence per share)

  • Cash and cash equivalents, decreased to GBP 14.3 million y-o-y (H1 2013: GBP 14.9 million)

  • Profit before tax well down at GBP 1.2 million (H1 2013: GBP 2.4 million)

  • Nevertheless, a 22 percent increase in interim dividend to 0.22 pence per share (H1 2013: 0.18 pence per share)

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