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