26 jul: European Stocks Seen Flat; Central Banks Eyed
26 jul: BG Group Net Profit Falls 77% On Write-down Of US Gas Assets
26-07-2012 08:47:00

BSkyB To Return GBP500 Million To Shareholders As Profit Rises

Relateret indhold
16 sep - 
Købs-anbefalinger på internationale aktier

By Lilly Vitorovich

LONDON--British Sky Broadcasting Group PLC (BSY.LN) said Thursday that it will return another GBP500 million to shareholders via a share buyback as the U.K.'s biggest pay-television provider reported a rise in annual earnings, underpinned by consumer demand for its broadband, telephone and high definition television products.

The latest capital return comes a year after BSkyB said it would return GBP750 million to shareholders

BSkyB--which has 10.6 million customers and competes with Virgin Media Inc. (VMED) and BT Group PLC (BT.LN)--booked a 12% rise in net profit to GBP906 million for the year ended June 30 from GBP810 million a year earlier.

Annual revenue rose 3% to GBP6.79 billion in line with market expectations while average revenue per user rose to GBP548 from GBP538 as existing customers took more of its products.

BSkyB has built its financial success on owning the exclusive U.K. broadcasting rights to live English Premier League soccer matches. Last month it spent GBP2.28 billion ($3.53 billion) to secure the bulk of those rights for another three years, starting from 2013. That was up more than 40% from GBP1.62 billion it paid at the previous rights auction in 2009.

But with new pay TV customer signings slowing down amid the difficult economic environment, the company is also focused on getting existing customers to take-up more of its services, such as high definition TV and broadband.

The company launched an Internet streaming service, Now TV, to protect its movie business against the arrival U.S.-based Internet movie service company Netflix Inc. (NFLX) earlier this year. Netflix has added its video-on-demand offers to those of Amazon.com Inc.'s (AMZN) Lovefilm increasing competition and driving down prices, posing a challenge to BSkyB's premium movie channels.

Virgin Media, BSkyB's main rival in TV and broadband, has raised the bar with the launch of its combined Internet television and broadband on-demand platform powered by U.S. firm TiVo Inc.'s (TIVO) set-top home entertainment box.

Virgin Media on Tuesday reported strong customer demand for TiVo, with around a fifth of its 4.8 million cable customers moving onto TiVo since its launch more than a year ago.

BSkyB counts News Corp. (NWS) as its biggest shareholder with a 39.1% stake. News Corp. also owns Dow Jones & Co., owner of this newswire and The Wall Street Journal.

Operating profit before exceptional items--a key figure tracked by analysts--rose 14% to GBP1.22 billion, slightly ahead of market expectations of GBP1.20 billion.

BSkyB declared a final dividend of 16.2 pence a share, up 11% from a year earlier. That takes its total dividend for the year to 25.4 pence, up 9% from a year earlier.

BSkyB shares closed at 685 pence Wednesday, valuing the company at GBP11.46 billion.

-By Lilly Vitorovich, Dow Jones Newswires; 44-0-207 842 9290; lilly.vitorovich@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 26, 2012 02:47 ET (06:47 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Euroinvestor.com A/S løfter omsætningen og indtjeningen markant.

29-08-2014 10:55:42
Delårsrapport 2014 for Euroinvestor.com A/S Fondsbørsmeddelelse nr. 11. 2014  29. august 2014 Resumé: Delårsrapport 2014 ..

Aktier/tendens: Regnskaber, nøgletal og Rusland/Ukraine i fokus

29-08-2014 08:30:15
Det tegner til en flad til let positiv udvikling for de danske aktier, når markedet åbner fredag kl. 9:00. Futures på de store europæiske børser peger i hvert f..

Vestas: Energiagentur advarer om afmatning

28-08-2014 16:00:21
Usikkerhed om politiske rammebetingelser truer med at dæmpe momentum for investering i vedvarende energiprojekter, konkluderer det internationale energiagentur,..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/åbning: Brøndby IF hamrer i vejret
2
Rekordmange danskere flyver fra Hamborg - avis
3
Aktier/Nordea: Venter stigninger i ellers værste aktiemåned
4
Aktier/tendens: Tegner til let positiv åbning - Brøndby i fokus
5
Aktier/middag: Ekstase på vestegnen efter Aggers hjemkomst

Relaterede aktiekurser

BT Group PLC 385,60 -0,4% Fald i aktiekurs
News Corporation- Class .. 17,63 -0,3% Fald i aktiekurs
Amazon.com, Inc 339,04 -0,3% Fald i aktiekurs
Netflix Inc 477,64 0,5% Stigning i aktiekurs
TiVo Inc 14,09 1,7% Stigning i aktiekurs
News Corporation- Class .. 17,26 -0,2% Fald i aktiekurs
BT Group PLC 64,65 -0,1% Fald i aktiekurs
News Corp B Voting 18,44 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
1. september 2014 20:44:17
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140825.1 - EUROWEB7 - 2014-09-01 20:44:17 - 2014-09-01 20:44:17 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x