19 Feb 2010

Sky TV profit up

10:52 am on 19 February 2010

Sky TV has boosted its first-half after tax profit by a fifth to more than $50 million.

Subscriber growth continue to slow, but total sales grew 6.6% to 369 million in the six months to the end of December.

Sky gained almost 6000 new customers In the six months, half the number gained in the same period a year ago.

But average revenue per customer rose 11.6%, as customers spent more on new and upgraded products.

However, advertising revenues fell more than 16% over the period.

An interim dividend of 7 cents per share will be paid.