Jamie Gray

Jamie Gray is a business reporter for the New Zealand Herald and NZME. news service.

Sky TV lifts profits 2pc

Photo /  Sarah Ivey
Photo / Sarah Ivey

Pay TV operator Sky Network TV said its net profit rose by 2 per cent to $122.8 million in the year to June 30.

Earnings before interest, tax, depreciation and amortisation increased by 4.5 per cent to $336m.

The company's total revenue rose by 5.8 per cent to $843m.

Sky's subscriber base grew by 17,510, or 2.1 per cent, to a new high of 846,931.

The subscriber base comprised 819,590 residential digital subscribers and 27,341 commercial and other subscribers. SKY is now in 49.4 per cent of New Zealand homes.

Average revenue per subscriber per month (ARPU) increased by 2.1 per cent to $71.93 from $70.45 last year. The company declared an 11c per share dividend.

See more of the company's results here.

Shares in Sky Network TV last traded at $5.25.

- APNZ

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