Source - SMW
Netplay TV has materially hiked its H1 pretax profit to £1.1m, from £215,000. Net revenue was £14.7m, from £12.7m. Interim dividend was stayed at 0.22p.

CEO Bjarke Larsen said:

"These results show that the momentum delivered in the last year has continued into 2016 and we are very pleased to be reporting growth in overall Group revenue and profit.

"The Group's operational performance in the period has also been significant with not only the renewal of the ITV relationship, but also product enhancements, new site roll-outs and, post period, the launch of the AppleTV application. 

"We set out our growth strategy at the beginning of the year and are focused on continuing to deliver against this. There has been significant M&A activity in the industry, and the Group, with its solid balance sheet, is well placed to pursue those opportunities that the board believes will be earnings enhancing."

Related Charts

NetPlay TV (NPT)

+0.01p (+0.06%)
delayed 11:00AM