Profit: Down 60% to $20.6m (or $41.1m when adjusted for one-off costs)
Main takeaway: A fair result, given all consumer-facing businesses in NZ are dealing with low economic growth and consumers are tightening their discretionary spend.
Shares in Sky Network Television are up more than 6% this afternoon after the company delivered on its full-year earnings guidance, reiterated its dividend forecast, and announced that it had signed a new broadcast deal with New Zealand Rugby.
However, the company’s top brass warned that the tough
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Key points
Revenue: Down 2% to $750.7m
Profit: Down 60% to $20.6m (or $41.1m when adjusted for one-off costs)
Main takeaway: A fair result, given all consumer-facing businesses in NZ are dealing with low economic growth and consumers are tightening their discretionary spend.
