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NetPlay TV shares hit new low as profit falls, CEO resigns

11th September 2014 8:36 am GMT

Shares in NetPlay TV fell by more than 10 per cent early Thursday to a new 52-week low following the release of a trading update and appointment of an interim CEO.

The company reported net revenue of £14.5m for the six month period ended June 30th, up from £14.2m a year ago, although EBITDA fell 19.4 per cent year-on-year as a result of higher marketing, operating and administrative expenses.

Together with a significant increase in amortisation costs [...]

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