Sky TV has announced a 20% net profit decrease in the year to the end of June. Photo: NZ HeraldSky TV's profit dropped 20.9% in the year to the end of June. The pay TV released its full year results this today, which showed a net profit of over $116.3 million, down from $147.1 million in the prior year. Sky's total revenue decreased to $893.5 million from $928.2 million on the same period last year. Advertising revenue dropped 8% and "installation and other revenue" was down 17%.

Source: Otago Daily Times August 21, 2017 22:07 UTC