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NetPlay TV Turns To Profit In 2011 - Quick Facts

4/24/2012 2:48 AM ET

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."

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by RTT Staff Writer

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