Sky TV bumps up profit and revenue but net subscriber numbers are down

Mon, 23 Feb 2015

By Fiona Rotherham Feb. 23 (BusinessDesk) - Sky Network Television, the country’s dominant pay-TV operator, has reported increased profit and revenue for the first half despite a net loss of 8,707 subscribers. Net profit was $92.5 million for the six months ending Dec.31, up about 13 percent on the previous period, mainly due to lower depreciation and amortisation expenses of $54.1 million and a 31 percent drop in financing costs, due to borrowings reducing last year, the company said in a statement. Sales rose 1.8 per cent to $464.5 mill...

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