SKT sky network television limited.
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  1. FNN News
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    08/12/11
    10:43
    Post #: 9409114
    .


    Sky Network Television Limited (ASX:SKT, NZE:SKT) has announced that its new free to air and pay-TV Igloo service is expected to post a loss in the 2012 financial year.



    The pay television company, listed in New Zealand and Australia, has a 51 per cent interest in Igloo and the remaining interest is held by Television New Zealand.  



    Sky’s stake will incur a net loss of about $1.2 million in the current financial year.



    In the same period the company expects Igloo to add 50,000 subscribers to its network.



    In the 2011 financial year Sky Network Television reported a net profit of $92.89 million.


    SKT Price at posting: $4.09 Sentiment: None Disclosure: Held
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