Sky announces increase in revenues and profits

LONDON - BSkyB has announced an increase in profits and revenue for the three months to end of September.

Sky...announces increase in revenues and profits
Sky...announces increase in revenues and profits

The pay-TV company said its operating profit rose 9 per cent to £198 million, while group revenue was up by 10 per cent to £1.38 billion.

Sky also grew its customer base, adding a total of 94,000 customers during the quarter to take its total subscriber base to 9.536 million.

The company also said that there was strong demand for its Sky+ HD offer, with 287,000 customers taking up its HD package as it reached a total of 1.6 million homes.

Jeremy Darroch, the chief executive of BSkyB, said: "Our business has made a good start to our 2010 financial year with another quarter of strong results - in what continues to be a tough economic environment, we have increased the number of customers joining Sky."