BSkyB Sees Half-Year Profit Up 8% to £647m

BSkyB, the parent company of Sky News, has reported an 8% increase in operating profit for the first half of the financial year.

The company said operating profit for the period was £647m.

Revenues increased 5% to £3.5bn in the same period.

BSkyB added 88,000 net new customers to the service in the three months to the end of December, compared with a forecast of 58,000.

The net new customer total was up 271,000 year-on-year to reach 10.74 million.

Chief executive Jeremy Darroch said: "We have delivered another good performance in the first half with strong progress across the board.

"In what remains a tough consumer environment, our broadly-based growth strategy is working well.

"Good product growth in the quarter means that our total base of subscription products has grown by 10% year on year."

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