Friday, 29 March 2024

Announcement

FLLYR: SKT: SKY TV Announces 2016 Full Year Results

26 Aug 2016 08:34NZX
For the year ended: 30 June 2016

This report has been prepared in a manner which complies with New Zealand
International Financial Reporting Standards and gives a true and fair view of
the matters to which the report relates and is based on audited financial
statements.

CONSOLIDATED INCOME STATEMENT

Current Full year NZ$''000; Up/Down %; Previous Corresponding Full year
NZ$''000

Total Operating Revenue: 928,200; Up 0.1%; 927,525

OPERATING SURPLUS BEFORE TAXATION: 204,990; Down 14.2%; 238,879

Less taxation on operating profit: 57,867; Down 13.8%; 67,115

NET PROFIT AFTER TAX: 147,123; Down 14.4%; 171,764

NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS: 146,718; Down 14.5%; 171,581

Earnings per share: 37.70 cps; Down 14.5%; 44.09 cps

SKY Network Television Limited ("SKY") announced today the result for the
year ended 30 June 2016. The net profit after tax has decreased to $147.1
million, a 14.4% decrease from the prior year''s net profit after tax of
$171.8 million.

Earnings before interest, tax, depreciation and amortisation ("EBITDA")
decreased by 14.3% to $325.3 million.

Operating expenses include costs relating to the acquisition of Vodafone NZ
of $13.4 million. Adjusted EBITDA would be $338.7 million, a decrease of
10.8% from the prior year. Adjusted net profit would be $157 million, a
decrease of 8.6% from the prior year.

SKY''s total revenue increased by 0.1% to $928.2 million.

SKY''s subscriber base increased to 852,679 from 851,561 in the prior year.

The SKY Board has declared a fully imputed final dividend of 15 cents per
share.
End CA:00287931 For:SKT    Type:FLLYR      Time:2016-08-26 08:34:56
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