Double annual profits for Sky

30 July 2015

sky Sky have more than doubled their annual profits thanks to a load more people subscribing to them. This is according to their own figures. They were also keen to point out that profit after tax jumped to £1.957 billion in the year to the end of June compared with £865 million for 2013/14.

This was the first results they've put out since Rupert Murdoch's empire brought together BSkyB with Sky Deutschland and Sky Italia, to create a European pay-TV behemoth.

"The past 12 months have been an outstanding period of growth for Sky," chief executive Jeremy Darroch said in the results statement. "The UK and Ireland, where our strategy is most progressed, put in a particularly strong performance. We passed the 12 million customer milestone with the highest growth in 11 years."

Seems like throwing all that money at football coverage is still doing them rather well.

While it performed very well in the UK and Ireland, it is elsewhere that Sky are most pleased about. "Germany delivered its highest-ever customer growth, while Italy maintained its subscriber base in a tough market." added Darroch.

Remarkable Jeff.

TOPICS:   TV   Economy

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