Good year for interactive TV gambling company

From a company struggling with losses back in 2010, the UK interactive television betting company NetPlayTV has come a long way, reporting at today’s (Tuesday) agm a solid 2012 set of results.

Chairman Clive Jones said: “Following NetPlayTV’s record results for the financial year ended 31 December 2012 and strong Q1 trading update, the company is pleased to announce that Q2-2013 average daily net revenues continue to grow compared with the same period last year.

The board of directors has recommended a maiden final dividend of 0.225p per share.

“2012 was a record year for NetPlayTV with net revenue up 27.5 percent to GBP 21.8 million: GBP 17.1 million), EBITDA of GBP 4.3 million (2011: EBITDA of GBP 3.3 million), profit before tax of GBP 3.1 million (2011: GBP 600,000) and net cash from operating activities of GBP 4.3 million (2011: GBP 2.5 million),” Jones told investors.

“Mobile and tablet performance throughout 2012 has surpassed our expectations, and accounted for 12 percent of all new depositing customers in Q1 rising to 31 percent by Q4.”

The company reports total assets of GBP 19,308 000 and net cash on hand as at December 31 2013 of GBP 12,275,000.

Average quarterly new depositing casino players over the year reached 12,725

Jones said that the company has delivered its second consecutive year of net revenue growth in excess of 20 percent.