NetPlay TV Turns To Profit In 2011 - Quick Facts

Netplay TV Signs Three Year Broadcast Deal With ITV - 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."

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

40 Articles Next>>

Editors Pick

Upbeat Economic Data Contributes To Rally On Wall Street - U.S. Commentary

Stocks moved sharply higher over the course of the trading day on Friday, more than offsetting the weakness seen on Thursday. In a reversal from the previous session, the markets benefited from some upbeat U.S. economic data as well as comments from a Federal Reserve official. The major averages saw further upside going into the close, with the Dow and the S&P 500 reaching new record highs.

PETA: IRS Targeting Neither New Nor Limited To Conservative Causes

As the IRS targeting scandal continues to make headlines, animal-protection charity People for the Ethical Treatment of Animals, or PETA, claims that conservative groups are not the only ones that have faced increased scrutiny from the agency.

Polls Shows Below Average Interest In IRS, Benghazi Stories

While the IRS targeting scandal has taken center stage on Capitol Hill on Friday, the results of a new Gallup poll showed that the American public's interest in the story is comparatively low based on historical measures. The poll showed that 54 percent of Americans are following the news that the IRS targeted conservative groups for greater scrutiny "very" or "somewhat" closely.