BSkyB Profits Slip but Customer Numbers Climb

30 July 2007

LONDON: UK satellite TV monopoly BSkyB revealed that pre-tax profits for the full fiscal year to June 30 slipped 9% to £724 million ($1.47bn; €1.07bn), citing heavy investment in broadband services.

Operating profit fell 7% to £815m - better than analysts' expectations.

The News Corporation-controlled business also revealed a net operating loss of £169m at its broadband unit, but claims it signed 716,000 new subscribers during the twelve month period. Satellite TV customers numbers now stand at 8.58m.

Ceo James Murdoch said the company was confident about its future: "We are well placed to capitalise on the significant opportunities available to us."

Data sourced from BBC Online; additional content by WARC staff