Sky TV lifts 1H profit 9 percent as subscribers spend more, migrate to My Sky

Thu, 21 Feb 2013

Feb. 22 (BusinessDesk) – Sky Network Television, the pay-TV company that’s 44 percent owned by News Corp, reported a 9 percent gain in first-half profit as subscribers migrated to its My Sky premium service and spent more. Profit rose to $68.2 million in the six months ended Dec. 31, from $62.7 million a year earlier, the Auckland-based company said in a statement. Sales rose 3.9 percent to$443 million. Total subscribers to Sky TV’s services was little changed at 846,988 at Dec. 31 from a year earlier though the number on My Sky climbed 28 p...

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