| Posted by: WinnerOnline-Editorial at September 30, 2008, 6:56 pm | | Topic: NetPlay TV Plc Interim Results Forum: Winner Online | | Source: Press Release NetPlay TV Plc, (AIM: NPT), the interactive gaming company, is pleased to provide shareholders with the following trading update, together with the interim financial results for the period ending 30 June 2008. Highlights for the period • EBITDA in H1 2008 for the period was £1.0 million (compared to a loss of £0.9 million in H1 2007) • Total active gaming customer base increased to over 24,000 • Gross bets in H1 2008 totalled £159 million, compared to £39 million in H1 2007 (an increase of 308 percent) • Q2 gross bets exceed £96 million • Mobile subscribers now stand at 62,000 • Acquisition of 7,600 mobile quiz subscribers from Rubberduck in March 2008 • Acquisition of Bingos.com in April 2008 • Acquisition of Sky Channel 848 (now Sky Channel 867) in May 2008 • Acquisition of PitchGaming customer database in May 2008 • New web games added to LiveRoulette.com site in July 2008 Martin Higginson, Executive Chairman and Chief Executive Officer, said: "To date 2008 has been a positive and transformational year for the Company. In H1 we generated a profit before tax and, with the acquisition of the Bingos.com business, we have further strengthened our position as the market leader in the converged multi-platform gaming arena. We continue to invest in the business as we strive to deliver the very best player experience." "The Group is cognisant of the current financial climate and whilst we continue to be pleased with the overall growth in betting patterns, we continue to focus on the cost savings which can be made across all areas in order to deliver improved margins where possible." "The Board believes that the Group is well positioned to build on its current assets and is confident about the year ahead.” |
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