Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

NetPlay TV Turns To Profit In 2011 - Quick Facts

NetPlay TV plc (NPT.L) announced preliminary results for the year ended 31 December 2011 posting pre-tax profit of 642 thousand pounds versus pre-tax loss of 14.23 million pounds last year.

Profit after tax was 642 thousand pounds or 0.22 pence per share, compared to a loss of 13.71 million pounds or 6.68 pence per share in the prior year.

Revenue grew 12.4% to 22.27 million pounds from 19.81 million pounds a year ago. The company recorded casino revenue growth of 18.6%.

Commenting on the results, Charles Butler, NetPlayTV's Chief Executive said,

"We are very proud of the significant strategic and commercial progress made over the past year, and the robust results announced today illustrate the strength of the Company's live TV casino proposition.

We are confident in the opportunities for growth available in the existing UK markets through a combination of strong customer acquisition and product development, whilst also pursuing quality international expansion opportunities...

"We are looking forward to 2012 with confidence and expect to continue to build on the positive momentum and successful results of 2011."

Register
To receive FREE breaking news email alerts for Netplay TV PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months. Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.