Half yearly results posted by NetplayTV

The British interactive television gambling group NetPLayTV plc has joined the growing number of online gambling companies posting better half yearly results, reporting highlights for H1-2012 ending June 30 that include:

* Revenue up by 33 percent to GBP 13.02 million (H1 2011: GBP 9.81 million)
* EBITDA improved by 49 percent to GBP 2.35 million (H1 2011: GBP 1.58 million)
* Strong Cash generation, increasing by GBP 2.60 million to GBP 10.54 million
* Profit before tax up 500 percent to GBP 1.61 million (H1 2011: GBP 270,000)
* ITV1 broadcast agreement renewed in April
* Maiden interim dividend of 0.15p per share (H1 2011: nil)

Casino Key Performance indicators

* New depositing customers increased by 74 percent to 24,951 (H1 2011: 14,364)
* Total active depositing players increased by 51 percent to 36,730 (H1 2011: 24,254)
* Mobile and tablet new depositing customers accounted for 18 percent of total depositing sign ups
* Increased marketing expenditure and TV advertising has led to the strong increase in depositing players

Current trading

* Continued strong trading in Q3 with average daily revenue up 28 percent on the same period last year
* Full year EBITDA expected to be ahead of current market expectations

Commenting on the results and the trading update, Charles Butler, NetPlay TV’s group CEO, said:

“We have continued to see an increase in active depositing casino players and further investment in marketing has made a significant impact.

“Thanks to our continued drive for growth and the resulting increase in revenue and profitability, we are delighted to announce our maiden interim dividend which is a demonstration of the Board’s confidence in NetPlay’s business model and the company’s future growth. We look forward to continued success and to creating further value for our shareholders.”

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