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Sky grows 9-mth operating profit 20%
2015-04-21 08:43:00| Telecompaper Headlines
(Telecompaper) European pay-TV provider Sky reported operating profit for the nine months to March up 20 percent year-on-year to GBP 1.025 billion. Group revenues grew by 5 percent to GBP 8.453 billion, amid a 6 percent increase in UK and Ireland, 9 percent growth in Germany and stable results in Italy. Subscription revenues were up 5 percent to GBP 7.280 billion, after the company added a total 947,000 customers in the past 12 months. In the three months since its last financial report, Sky gained 241,000 customers, for a total 20.848 million at the end of March. The number of products sold rose by just over 1 million in the quarter to 53.035 million. Sky said it was making good progress with its integration process and was on track to realise GBP 200 million in synergies by the second year after merging its European operations.
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Category:Telecommunications