NetPlay TV ramps up net revenue

8th Apr 2014 07:27

- Net revenue jumps 31 per cent- Significant investment in marketing and product - Well positioned for further progressInteractive gaming company NetPlayTV reported a sharp rise in net revenue, increased its dividend and said it is well positioned in its current markets to build upon the success of 2013. For the year ended December 31st 2013 net revenue increased to £28.5m from £21.8m a year earlier. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed to £5.2m from £4.3m before. The group, which operates a number of interactive gaming services under an Alderney gaming license, including SuperCasino.com and Jackpot247.com, said adjusted earnings per share rose to 1.68p per share from 1.27p the previous year.Commenting on the results, Chief Executive Charles Butler said: "This has been a great year for NetPlayTV, delivering our third consecutive year of net revenue growth in excess of 20%."The group continues its significant investment in marketing and product development which has resulted in an impressive 25% increase in new depositing players. The acquisition of the Vernons.com e-gaming business towards the end of the year presents new growth opportunities with the addition of sportsbetting and bingo to the existing core casino offering. This acquisition highlights our strategy for growth both organically and via strategic acquisitions."NetPlay has offered a 42% increase in its final dividend, taking the payment to 0.32p per share from 0.225p before. This brings the total dividend to 0.50p, up from 0.375p.CJ