Sky Network FY profit rises 3 percent on subscriber growth, increased market share

Thu, 23 Aug 2012

Aug. 24 (BusinessDesk) - Sky Network Television, the pay-TV company controlled by Rupert Murdoch’s News Corp, reported a 3 percent lift in annual profit as it added subscribers and increased its share to TV viewing in New Zealand. Profit rose to $123.7 million in the 12 months ended June 30, from 120 million a year earlier, the Auckland-based company said in a statement. Sales rose to $843 million from $797 million. Reported profit of $122.8 million on sales of $852.3 million was forecast, based on the consensus of analysts. Sky TV’s share o...

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