Online gaming company NetPlay returns to growth

ONLINE gaming company NetPlay said it returned to positive Ebitda in the first quarter of 2010.

Gross bets for the period were £166m, an increase of 5.7 per cent year on year. As a result the company returned to profit during the period, posting a positive Ebitda of £200,000.

A company spokesman said: “The swing to a positive Ebitda is a major step forward. It follows a period of heavy investment during the second half of 2009, and into the first quarter of 2010 as the company entered into a number of significant partnerships with UK terrestrial broadcasters.”

Meanwhile, TV and radio advertising firm Independent Media Distribution experienced a 30 per cent year-on-year revenue hike.

Profit before tax was up 50 per cent compared to 2009.

David Haynes, IMD’s chairman, said: “I am delighted to report our business continues to show strong growth, with profits to date significantly ahead of our expectations.”

He added: “We are experiencing vibrant increasing sales both domestically and internationally.”