Sky delivers £1,073m profit
07.40 Europe/London, July 29, 2011 By Julian Clover

BSkyB has brushed of the travails of its 39% shareholder BSkyB with a 23% increase in operating profit in its financial year that closed on June 30. There are now 10.3 million customers signed to the satellite platform in the UK and Ireland, even though the 40,000 new homes added in the last quarter was poor by Sky standards, it remains higher than that achieved by either Virgin Media or BT.

“This has been a year of outstanding operational and financial results for Sky. It is to the credit of Sky’s first-class management team that the company has continued to deliver throughout the offer period that ended earlier this month,” said BSkyB CEO Jeremy Darroch. “While Sky is not immune to tougher economic conditions, we have continued to see good demand across our product portfolio as customers respond to the great quality and value that we offer.”

With revenues of £6,597 million and an operating profit of £1,073m, BSkyB announced it would be returning £750 million to shareholders through a share buyback programme.

Sky’s continued innovation has continued to drive ARPU, which currently stands at £539. The number of customers enabled for pull VOD service Sky Anytime is 800,000, there are 3,822,000 Sky HD homes, 3,335,000 broadband and 3,101,000 telephony.

27% of the subscriber base takes the triple play of TV, phone and broadband.