British pay-TV firm BSkyB said Thursday that net profits rose seven percent in the first nine months of the group's financial year on the back of rising subscriber revenues, and despite the difficult economic climate. Earnings after taxation increased to £736 million ($1.15 billion, 868 million euros) in the nine months to the end of March, compared with £689 million in the same part of its previous fiscal year. Group revenues advanced six percent to £5.381 billion. BSkyB, which is 39-percent owned by Rupert Murdoch's News Corp, gained a net 70,000 retail subscribers in the three months to March, giving it a total of 10.8 million customers. The pay-tv company added that it would create 550 new jobs to meet keen demand for the group's product that include English Premier League football and blockbuster movies, and also Internet and telephone services. The jobs will be created over the next 12 months in BSkyB's sales and customer services departments. "We have had a good third quarter and our multi-product strategy is delivering strong results," said chief executive Jeremy Darroch in the statement. "Increased take-up across our product set led to another improvement in financial performance with growth in revenues and profits accelerating in the third quarter." Back in 2011, Murdoch's News Corp. scrapped a bid to win full control of BSkyB following a phone-hacking scandal which forced it to close British Sunday tabloid newspaper News of the World.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor