The online betting firm NetPlay TV has just confirmed its financial result for 2012 and the results are better than the company has produced in previous years.
The main figures to grab the attention were the big jump in net revenue by 27.5% and the whopping 470% increase in statutory profit before tax. These strong results mean that the company’s cash balance has shot up by 55% too.
The overall net revenue was a highly impressive £21.8 million while the statutory profit earned before tax was £3.1 million. The number of new customers depositing with NetPlay TV also increased greatly and this was put down in part to increased investment in TV, mobile and internet marketing increasing the profile of the business.
Mobile Applications Now Available
Additionally, the online betting firm has now moved all of its live TV roulette action onto iPhone, iPad and Android platform apps. On the TV side of things, they say that they have strengthened their relationships with both Channel 5 and ITV during the last year.
Charles Butler is the CEO of NetPlay TV and he said that 2012 was an “exceptional year” both in a financial sense and in an operational sense. He also commented on their key relationships going “from strength to strength” and how pleased they are with the “progress” they have made towards achieved their stated growth strategy. Mr Butler talked about the “significant” marketing investment they are currently still making and how this improves their ability to grow further in the UK while being aware of overseas opportunities
