Television

BSkyB’s revenues up eight per cen

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MUMBAI: UK pay TV service provider BSkyB has annnounced results for the year ended 30 June 2006.

Revenue increased by eight per cent to £4.1 billion. Operating profit increased by seven per cent to £877 million, an operating margin of 21 per cent.

DTH subscribers increased to 8.176 million, registering a growth of 77,000 in the final quarter and 389,000 in the year. Sky+ households increased by 75 per cent to 1.553 million. Multiroom households increased by 62 per cent to 1.047 million. This represents a 13 per cent penetration of total DTH subscribers.

Preparations were made for the launch of Sky Broadband following the acquisition of Easynet Group. During the year, the company launched Sky HD, new customer management systems were implemented for all DTH customers and key rights to the FA Premier League secured for the 07/08 to 09/10 seasons.

In addition were major contracts agreed with movie studio and third party channel partners. BSkyB also announced the creation of over 2,000 new jobs for customer advisors and home installation engineers.

BsSkyB CEO James Murdoch said, “Our industry is changing faster than ever before and for Sky, 2006 has been an important and exciting year. The business and the team have performed well delivering good levels of customer growth, in line with our plans, and strong growth in both revenues and profitability.

"We have a clear vision for the future growth and direction of our business and we feel encouraged by the strong demand our customers show for new entertainment and communications services. With a continued focus on providing more choice, flexibility and control, we feel confident as we look ahead to the substantial opportunity this market holds for us.”

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