BSkyB H1 operating proft up 26%

MUMBAI: UK pay TV operator BSkyB has announced that its operating profit for the first half of the fiscal was up 26 per cent to 520 million pounds.

Revenues were up by 15 per cent to 3.18 billion pounds from 2.7 billion pounds in the same period last year.
The company‘s free cash flow was up 44 per cent to 443 million pounds. Interim dividend was up 11 per cent.

During the second quarter, BSkyB crossed the 10 million subscriber milestone. HD reached 3.5 million customers, an increase of 67 per cent over last year.

BSkyB had the fastest broadband growth in 10 quarters with 240,000 net additions. 24 per cent of customers take TV, broadband and telephony. 
Sky Atlantic, an entertainment channel, will launch at no extra cost for Sky TV subscribers on 1 February 2011.
The DTH operator opened new contact centers to improve customer service.

BSkyB CEO Jeremy Darroch said the company is cautious on the economic outlook for this year. At the same time, the company is confident in the long term opportunity for the business. The focus is on giving more value and better services to customers this year. A new facility will be opened in Sheffield to expand its network of contact centres, creating 1500 jobs.

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