UPDATE: Sky TV annual profit rises 21%, beating analyst estimates

Fri, 22 Aug 2014

(Adds plans for new VOD enabled boxes starting in third graph, CEO comment in fourth graph, updates shares) By Tina Morrison Aug. 22 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay-TV company, posted a better than expected 21 percent gain in annual profit as it boosted revenue from more subscribers. The Auckland-based company said profit rose to $165.8 million in the 12 months ended June 30, ahead of the $160.5 million forecast by analysts in a Reuters poll and higher than the $137.2 million profit a year earlier. R...

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