logo
Share SHARE
FONT-SIZE Plus   Neg

BSkyB H1 Profit Up - Quick Facts

British Sky Broadcasting Group Plc's (BSYBY.PK, BSY.L) first-half pre-tax profit grew to 597 million pounds from last year's 467 million pounds, with adjusted pre-tax profit improving to 564 million pounds from 477 million pounds a year ago. Profit for the period amounted to 441 million pounds, higher than 407 million pounds, and adjusted profit rose to 418 million pounds from 348 million pounds in the prior year.

Six-month earnings per share were 25.2 pence, higher than year ago's 23.2 pence, and on an adjusted basis, earnings per share from continuing operations advanced to 23.8 pence from 19.8 pence a year earlier.

Group revenue for the half year increased by 6% to 3.36 billion pounds from 3.19 billion pounds, with broadly based growth in both retail and wholesale operations offsetting headwinds in advertising and Sky business.

Additionally, the board has declared an interim dividend of 9.2 pence per share, up 5% year on year, making this the eighth consecutive year of increased dividends for shareholders.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
General Motors (GM) announced on Wednesday that it has been approved to voluntarily delist from the Toronto Stock Exchange. The auto giant reassured its shareholders that the TSX delisting will not impact its current listing on the New York Stock Exchange. Subsequent to the bankruptcy filing of German no frills airline Air Berlin (AIBEF.PK), Lufthansa airline is strongly pursuing to acquire Air Berlin. Meanwhile, Ryanair, its Irish rival, accused conspiracy in the deal and said that the acquisition move will breach the existing competition rules in Germany in general and EU in particular. The Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, a UK labor union reported. Britain's Unite union claimed on Tuesday that the bank informed its staff about a further 40 percent cut of permanent IT jobs, which is said to be part of ongoing deep cost-cutting at the taxpayer-owned bank. The bank also plans a 65 percent reduction of contractors.
comments powered by Disqus
Follow RTT