Sky produced satisfactory H1 to end-December 2016 results, with revenues up 12% to £6.04bn and +6% at constant currencies. The adjusted operating profit reached £679m, down £65m from last year (or -9%) but this was exclusively due to an additional £314m of Premier League costs and therefore was very solid (total costs up 8% and +2% before Premier League; opex down 1%). The group also benefited from £200m synergy savings achieved six months early. The adjusted EPS
26 Jan 2017
Under the Premier League drag but otherwise satisfactory
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Under the Premier League drag but otherwise satisfactory
Skyline Investment S.A. (0OJU:LON) | 0 0 0.0%
- Published:
26 Jan 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
Sky produced satisfactory H1 to end-December 2016 results, with revenues up 12% to £6.04bn and +6% at constant currencies. The adjusted operating profit reached £679m, down £65m from last year (or -9%) but this was exclusively due to an additional £314m of Premier League costs and therefore was very solid (total costs up 8% and +2% before Premier League; opex down 1%). The group also benefited from £200m synergy savings achieved six months early. The adjusted EPS