Sky unveils bumper profits as it readies HD

skyBSkyB has unveiled record operating profits for the nine months to the end of March, up 15% on the year to £660m, as Britain’s dominant pay-TV provider added 40,000 net new subscribers in the first three months of 2006, taking its total UK and Ireland subscriber base to 8,099,000. Pre-tax profits for the nine-month period rose 12% to £609m on revenues of £3.079bn, up 9%.

Chief executive James Murdoch said Sky was delivering on its strategic plan. “Our focus during the quarter was to successfully implement our new customer management systems, complete the final preparations for the launch of [high-definition television service] Sky HD, and continue to ready the business for the launch of residential broadband services in the summer.

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