BSkyB profits up 75%
BSkyB has reported that first-quarter net profit rose 75 per cent and revenue grew 10 per cent as its high-definition TV service became increasingly popular.
For the three months ending September 30th, the satellite broadcaster reported a net profit of £128 million compared to £73 million a year earlier. Revenue rose to £1.38 billion from £1.25 billion a year earlier.
BSkyB, which is majority owned by Rupert Murdoch's News Corp, said it added 94,000 customers in the period, taking its total to 9.5 million. The company has set a goal of 10 million customers by the end of next year. The company said it added 287,000 subscribers to its high-definition service, raising the total to 1.6 million households.
The percentage of subscribers taking TV, broadband and telephone service increased to 17 per cent, up from 12 per cent a year ago, BSkyB said