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- Release Date: 23/08/13 11:40
- Summary: FLLYR: SKT: SKY TV Announces 2013 Annual Result
- Price Sensitive: No
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SKT
23/08/2013 09:40
FLLYR
REL: 0940 HRS Sky Network Television Limited
FLLYR: SKT: SKY TV Announces 2013 Annual Result
For the year ended: 30 June 2013
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: 885,024; Up 5.0%; 843,074
OPERATING SURPLUS BEFORE TAXATION: 188,995; Up 10.1%; 171,634
Less taxation on operating profit: 56,780; Up 16.2%; 48,847
NET PROFIT AFTER TAX: 132,215; Up 7.7%; 122,787
NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS: 137,197; Up 10.9%; 123,670
Earnings per share: 35.26 cps; Up 11.0%; 31.78 cps
SKY Network Television Limited ("SKY") announced today the result for the
year ended 30 June 2013. The net profit after tax attributable to equity
holders of SKY has increased to $137.2 million, a 10.9% increase from the
prior year's net profit after tax of $123.7 million.
Earnings before interest, tax, depreciation and amortisation ("EBITDA")
increased by 5.1% to $353 million.
SKY's total revenue increased by 5.0% to $885 million.
SKY's subscriber base grew by 8,967 (1.1%) subscribers over the previous
year, to a new high of 855,898. The subscriber base comprises 822,545
residential digital subscribers and 33,353 commercial and other subscribers.
SKY is now in 49.0% of New Zealand homes.
SKY has continued to promote its MYSKY HDi decoder and at 30 June 2013
456,419 subscribers were receiving their pay television services via a MYSKY
decoder compared to 382,495 subscribers at 30 June 2012. This represents
55.5% of SKY's residential subscribers compared to 46.7% of residential
subscribers at 30 June 2012.
Average revenue per subscriber per month ("ARPU") increased by 5.4% to $75.83
from $71.93 last year.
Annual gross churn has increased slightly to 14.4% during the 2013 year from
14.2% last year. MYSKY churn was 11.4% and churn on standard digital
decoders was 17.9%.
The SKY Board has declared a fully imputed final dividend of 12 cents per
share.
End CA:00240094 For:SKT Type:FLLYR Time:2013-08-23 09:40:20
