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NetPlay TV PLC pays special divi as subscribers roll in

Momentum has continued into the current year, the gaming group added
NetPlay TV PLC  pays special divi as subscribers roll in
Total net revenue is 18% higher than this time a year ago

NetPlay TV PLC (LON:NPT) has rewarded shareholders with a special dividend as the number of players taking part in its late-night TV casino games rose sharply.

Momentum has continued into the current year, the gaming group added, with a 26% rise in new players and a 16% rise in active payers in the first three months of 2016.

Total net revenue was also 18% higher than this time a year ago, the company said.

New subscriber growth was strong in 2015 as well, with a 17% rise to 88,551 and a 14% pick-up in the number of active players to just shy of 116,000.

For 2015 overall, revenues were £26.3mln, down from £27.4mln, while pre-tax profits recovered to £624,000 from £93,000 after one-off charges had depressed the previous year.

Adjusted underlying profit [EBITDA] was £2.7mln (2014: £3.6mln). Cash at the year-end was £13mln .

The special dividend is 0.68p and in addition to an final ordinary payment of 0.34p.

Bjarke Larsen, chief executive, said:  "We have delivered significant strategic and operational progress in the year, resulting in adjusted EBITDA at the top end of market expectations.

"We successfully navigated the impact of the UK Point of Consumption duty as a result of the initiatives implemented at the end of 2014 and positioned the company for future growth."

The key indicators remain strong with adjusted EBITDA increasing by £1.8mln on a like-for-like basis, he added.

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Netplay TV Plc Timeline

February 02 2017
September 13 2016
January 14 2016

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