Sky TV sees 2016 profit falling as much as 11% as revenue growth stalls

Wed, 21 Oct 2015

By Suze Metherell Oct. 21 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay TV provider, expects profit will fall as much as 11 percent in the 2016 financial year, with largely flat revenue and increased capital expenditure. The Auckland-based company expects profit to be between $153 million and $158 million in the year ending June 30, 2016, below the $172 million it reported this year, according to presentation slides for the company's annual meeting. Sales are expected to be between $928 million and $938 million, litt...

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