Netplay TV ahead of expectations
Shares in NetPlay TV, the interactive gaming company, rose on news of a strong fourth quarter performance.
Shares in NetPlay TV, the interactive gaming company, rose on news of a strong fourth quarter performance.
The firm saw a 27.2% year-on-year increase in new depositing casino players, from 7,278 to 9,261, while active depositing casino players grew 21.7% from 14,608 to to 17,783.
Full year results expected to be ahead of market expectations.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a statement the firm said: "The company's Q4 [fourth quarter] key performance indicators (KPI) are ahead of the same period in 2010. Whilst Q4 is traditionally a strong period within the industry, following an exceptional December, the directors' are anticipating that the company's full year results will be ahead of market expectations.
"The company has adjusted its reported KPIs in Q4 to focus on depositing casino players as the directors believe these KPI's better explain the performance of the business and are a more accurate reflection of underlying revenue growth.
"We look forward to the coming year with confidence."
The firm also announced the launch of live roulette on Supercasino.com for iPad and said it will be launching further games for iPhone and tablet throughout the first half of 2012.
The share price rose 7.14% to 9.38p by 12:39.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Santander launches online pension that offers up to £1,000 cashback
Santander's self-invested personal pension offers customers cashback of up to £1,000 if they invest before 25 April next year - here is everything you need to know
By Chris Newlands Published
-
Invest for the future with ETFs
The UK lags behind its European peers when it comes to investing for the future. ETFs and savings plans can help close the gap.
By Rupert Hargreaves Published