Sky beats profit forecast helped by solid broadband demand
Pay-TV group reports 10 per cent rise in first quarter operating profit to £375m
Operating profit of £375 million was slightly ahead of a forecast of £366 million
European pay-TV group Sky posted a slightly-better-than expected 10 per cent jump in first-quarter operating profit on Wednesday, helped by strong new broadband additions in Britain.
Operating profit of £375 million was slightly ahead of a forecast of £366 million and the group said it was well positioned for growth opportunities.