SKT
24/08/2012 10:02
FLLYR
REL: 1002 HRS Sky Network Television Limited
FLLYR: SKT: SKY TV Announces 2012 Annual Results
For the year ended: 30 June 2012
This report has been prepared in a manner which complies with New Zealand
International Financial Reporting Standards and gives a true and fair view of
the matters to which the report relates and is based on audited financial
statements.
CONSOLIDATED INCOME STATEMENT
Current Full year NZ$'000; Up/Down %; Previous Corresponding Full year
NZ$'000
Total Operating Revenue: 843,074; Up 5.8%; 796,948
OPERATING SURPLUS BEFORE TAXATION: 171,634; Down 0.2%; 172,032
Less taxation on operating profit: 48,847; Down 5.5%; 51,706
NET PROFIT AFTER TAX: 122,787; Up 2.0%; 120,326
NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS: 123,670; Up 3.0%; 120,078
Earnings per share: 31.78 cps; Up 3.0%; 30.86 cps
SKY Network Television Limited ("SKY") announced today the result for the
year ended 30 June 2012, being a net profit after tax of $122.8 million, a
2.0% increase from the prior year's net profit after tax of $120.3 million.
Earnings before interest, tax, depreciation and amortisation ("EBITDA")
increased by 4.5% to $336 million.
SKY's total revenue increased by 5.8% to $843 million.
SKY's subscriber base grew by 17,510 (2.1%) subscribers over the previous
year, to a new high of 846,931. The subscriber base comprises 819,590
residential digital subscribers and 27,341 commercial and other subscribers.
SKY is now in 49.4% of New Zealand homes.
SKY has continued to promote its MYSKY HDi decoder and at 30 June 2012
382,495 subscribers were receiving their pay television services via a MYSKY
decoder compared to 279,875 subscribers at 30 June 2011. This represents
46.7% of SKY's residential subscribers compared to 35.0% of residential
subscribers at 30 June 2011.
Average revenue per subscriber per month ("ARPU") increased by 2.1% to $71.93
from $70.45 last year.
Annual gross churn has increased slightly to 14.2% during the 2012 year from
14.0% last year. MYSKY churn was 10.4% and churn on standard digital
decoders was 17.1%.
The SKY Board has declared a fully imputed final dividend of 11 cents per
share.
End CA:00226422 For:SKT Type:FLLYR Time:2012-08-24 10:02:53
