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SKT Sky Network Television Limited

2.31
-0.03 (-1.28%)
24 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Sky Network Television Limited ASX:SKT Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.03 -1.28% 2.31 2.21 2.35 2.34 2.255 2.32 60,042 07:20:07

Sky TV Forecasts Fiscal Year Net Profit Slightly Below What Analysts Expect

21/10/2011 3:54am

Dow Jones News


Sky Network Television (ASX:SKT)
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Sky Television Network Ltd. (SKT.NZ) is expecting its fiscal-year net profit to be somewhat below analysts' expectations, according to a presentation at the company's annual general meeting Friday.

The Auckland-based pay television operator, 43.7% owned by News Corp. (NWS), which owns Dow Jones & Co., publisher of this newswire, and The Wall Street Journal, said its net profit in the year to June 30 would be NZ$120 million-NZ$125 million (US$95 million-US$99 million). It said the mean forecast from analysts was for a net profit of NZ$136 million.

Sky Television said its earnings before interest, tax, depreciation and amortization would total NZ335 million-NZ$340 million, against analysts' forecasts for Ebitda of NZ$347 million.

-By Rebecca Howard, Dow Jones Newswires; +64-4-471-5990; rebecca.howard@dowjones.com

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