20 Aug 2008

25.5% boost for Sky TV

12:28 pm on 20 August 2008

Sky TV has boosted its annual net profit by 25.5% to $97.7 million from an increase in viewers, the number of subscribers and the amount of money it earns from each subscriber.

Operating revenue for the year to the end of June was up 6.5% to $659 million.

Chief executive John Fellet says the subscriber base has increased by 5.3%, to a new high of more than 748,000.

Sky TV also says the free-to-air channel Prime performed well, with an average 5.3% share of the television audience.

Investors will get a fully imputated final dividend of 7 cents per share giving a total dividend for the year of 14 cents per share.