White label gaming and services provider Nektan Plc. registered a 48.1 percent increase in its NGR during the 2018 financial year, spurred by a strong Asian demand for their technology.

On Wednesday, Nektan announced that the business raked £19.4 million (US$25.6 million) in NGR for the 12 months ending June 2018, higher than the £13.1 million ($17.3 million) NGR it posted in FY17. On the other hand, cash wagering was up 43.4 percent year-on-year to £559.8 million ($741.16 million).

The Gibraltar-based company also noted that the number of First Time Depositors (FTDs) for FY18 jumped 20.4 percent to 156,703 from 130,105 in FY17.

Nektan interim CEO Gary Shaw attributed the solid-figures of the company in FY2018 to “the rapidly accelerating demand” for technology from their international partners, especially in Asia. “We see the business continuing to strengthen further and growth opportunities within both existing markets,” Shaw said in a statement.