NetPlay TV plc. (NPT.L), an interactive gaming company, announced its preliminary results for the year ended 31 December 2012. Pre-tax profit increased 470% to 3.1 million pounds from recategorised pre-tax profit of 0.6 million pounds in 2011.
Profit for the year and total comprehensive income was 3.60 million pounds, up from 0.6 million pounds in the prior year. On a per share basis, profit rose to 1.20 pence from 0.22 pence in the previous year.
Adjusted earnings per share for the year were 1.43 pence up from 0.86 pence last year.
Net revenue for the year was 21.8 million pounds, compared to recategorised net revenue of 17.1 million pounds last year.
The company stated that the financial information set out in these preliminary results did not constitute its statutory accounts for the years ended 31 December 2012. The financial information in these preliminary results has been prepared using the recognition and measurement principles of International Accounting Standards, International Financial Reporting Standards and Interpretations adopted for use in the European Union.
The company noted that the principal accounting policies adopted have been consistently applied to all the years presented and are consistent with the policies published in the statutory accounts for the year ended 31 December 2011.
During the year, the company's board announced a maiden interim dividend of 0.150 pence per share and is proposing a final dividend of 0.225 pence per share, subject to approval by the shareholders at the Annual General Meeting, bringing the full year dividend to 0.375 pence per share. The dividend is payable on 13 June 2013 for shareholders on the register on 24 May 2013.
The company said that the first-quarter of 2013 has continued the positive momentum achieved throughout 2012 with new depositing customers increasing by 42.4% over the same period in 2012 and net revenue up by 38.9%. The company said it is confident of meeting full year market expectations.
For comments and feedback: editorial@rttnews.com