Sky TV profit surges despite recession
Sky TV books net profit of $120 million, up 16.7% on year prior.
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Sky Network Television’s (SKT) net profits rose 16.7% to $120 million.
In statements to the NZX, Sky posted revenue of $797 million for the year to June 30, up 7.4% on the year prior.
The revenue increase was mostly a result of an 11.3% increase in revenue from wholesale customers.
Ebita increased 11.9% to $322 million and subscriber numbers increased by 27,024 to 829,421.
The filings note Sky has recently signed a three-year renewal of its wholesale agreement with Telecom.
Matt Nippert
Fri, 26 Aug 2011
Fri, 26 Aug 2011
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Sky TV profit surges despite recession
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