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| Version 1 | Version 2 |
|---|---|
| Package deals boost Sky profits | Package deals boost Sky profits |
| (40 minutes later) | |
| BSkyB profits have increased due to sales of broadband, telephone and TV packages to its existing customers. | BSkyB profits have increased due to sales of broadband, telephone and TV packages to its existing customers. |
| The firm reported a 27% rise in pre-tax profit to £597m for the last six months of 2011, compared with the same period in 2010. | The firm reported a 27% rise in pre-tax profit to £597m for the last six months of 2011, compared with the same period in 2010. |
| The broadcaster sold 772,000 products in the period, but only 100,000 went to new subscribers. | The broadcaster sold 772,000 products in the period, but only 100,000 went to new subscribers. |
| Sky also announced it would create 1,300 new jobs in the UK and Ireland over the next two years. | Sky also announced it would create 1,300 new jobs in the UK and Ireland over the next two years. |
| The job plan includes a new service centre in Dublin, which is part of an on-going programme to bring Sky's workforce in-house rather than using other companies to provide customer support. | The job plan includes a new service centre in Dublin, which is part of an on-going programme to bring Sky's workforce in-house rather than using other companies to provide customer support. |
| Although Sky said it now makes £544 a year from each of its customers, up £8 from the same period in 2010, the company said it was feeling pressure from the economic gloom. | Although Sky said it now makes £544 a year from each of its customers, up £8 from the same period in 2010, the company said it was feeling pressure from the economic gloom. |
| "We expect the environment to remain tough in calendar 2012. No consumer business can be immune to these conditions and we will manage any short-term headwinds as they emerge," said chief executive Jeremy Darroch. | "We expect the environment to remain tough in calendar 2012. No consumer business can be immune to these conditions and we will manage any short-term headwinds as they emerge," said chief executive Jeremy Darroch. |
| Analyst reaction to the results has been positive. | |
| "We believe Sky has reported strong results today, with churn of under 10% an outstanding achievement given the macro challenges," said Paul Richards at Numis Securities. | |
| "The new wholesale fibre offering is attractively priced while we see opportunities for the internet-based pay TV service." | |
| Shares in the company rose 2.5% in London after the results were announced. | |
| New channel | |
| The broadcaster pointed to its plans to introduce a new channel for Formula 1 coverage as a potential highlight for 2012. | The broadcaster pointed to its plans to introduce a new channel for Formula 1 coverage as a potential highlight for 2012. |
| The broadcaster agreed to split Formula 1 coverage with the BBC last year. | The broadcaster agreed to split Formula 1 coverage with the BBC last year. |
| Sky also said it would create more original British productions in 2012. |