22 Aug 2009

Sky profit falls, revenue and customer numbers rise

7:03 am on 22 August 2009

Sky Network TV's full year profit fell as higher costs offset increases in revenue subscriber numbers.

The pay television operator's profit decreased to $88.1 million in the June year, a 9.6% decrease on the previous 12 months.

The company's revenue rose 5% to $6.9 million as fewer subscribers disconnected and 30,000 new subscribers joined, boosting total customer numbers to a new high of 778,000.

The revenue rise was offset by cost increases as Sky Network TV spent $54 million on equipment for its new high-definition service, which 85,000 people subscribe to.

The company hasn't said what it expects for the coming year's profit.

Sky Network TV will pay an unchanged dividend of 7 cents per share.