26% rise in operating profit for BSkyB in 1H 2008; fixed line customer target surpassed

28 Jan 2009

British triple-play provider BSkyB has released financial results for the six months ended 31 December 2008, revealing a 26% year-on-year rise in adjusted operating profit to GBP388 million (USD546.5 million). The operator also reported a 6% rise in revenues, climbing to GBP2.6 billion, while earnings before interest, tax, depreciation and amortisation (EBTIDA) rose 26% to GBP522 million.

BSkyB signed up 163,000 new broadband customers over the six-month period, bringing its total to 1.955 million. Sign-ups to the company’s fixed line voice service, marketed under the Sky Talk banner, also rose beyond expectations, increasing by 139,000 in the first half of the financial year. BSkyB announced that the rise in fixed line voice customers meant that it had reached its target of 1.5 million sign-ups more than two years ahead of schedule.

United Kingdom, Sky