While Netplay TV revealed a 308 percent increase in gross bets during the first half, the company reported a loss of £134,000.
Highlights for the period, however, include £159 million in gross bets, growth in its customer base and its acquisition of Rubberduck Consulting Ltd. subscribers, Bingos.com, Sky Channel 848 (now channel 867) and of PitchGaming's customer database.
Martin J. Higginson, executive chairman and chief executive of NetPlay TV, called the year “positive and transformational” in the report and said the company is “confident” about the year ahead.
“(NetPlay TV) is cognizant 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,” he added.
Versus the same period last year, Netplay narrowed its losses 91.8 percent from £1.65 million.