Subscribe today - find out more
Why you should consider BusinessDesk
Markets

Sky TV flags return to revenue growth

Paul McBeth
Wed, 25 Aug 2021

The media group beat already upgraded earnings guidance. (Image: supplied)
Paul McBeth
Wed, 25 Aug 2021
Sky Network Television expects revenue growth for the first time in more than five years after beating earnings guidance with a firm hand on reining in costs.The pay-TV operator net profit more than doubled at $47.5 million in 12 months ended June 30 as one-off costs the year-earlier washed through and the group benefited from covid-related reductions in content and production expenses and a gain on the sale of its outdoor broadcasting unit.Earnings before interest, tax, depreciation and amortisation (ebidta) rose 12.3% to $186.4m, beating the...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Retail Analysis
The chips are down: supermarkets off to shaky start
Pattrick Smellie | Thu, 21 Oct 2021

Supermarket owners struggled to address the questions the Commerce Commission put to them on the first day of the hearings on grocery market competition.

Primary Sector
A2 Milk may face second class action claim
Rebecca Howard | Thu, 21 Oct 2021

Hundreds of shareholders have already registered interest in a class action claim in Australia.

Property
Auckland Airport takes aim at 'rushed' rent relief
Brent Melville | Thu, 21 Oct 2021

The airport has already paid out more than $185 million in rent relief to its tenants, and says proposed government changes need to be targeted for those who need it.

Sponsored
Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.