NetPlay TV (AIM: NPT) interim results offer plenty of encouragement, notably from the cash
The interactive gaming company, announced interim results for the six months ending 30 June 2015 offering plenty of encouragement with a material increase in new depositing players and a highly supportive cash balance.
NPT operates a number of interactive gaming services under a UK remote operating license and Alderney gaming license, including SuperCasino.com, Jackpot247.com and Vernons.com. Its TV services can also be viewed 24 hours a day live on Sky Channel 862, and every evening on ITV and Channel 5. The presentation of the results is hardly the clearest we have seen and it’s necessary to scroll to the bottom of the announcement to read the adjustments in the small print. Reference to adjusted EBITDA tells its own story! Despite reining back its significant marketing spend in the face of the newly imposed…