Sky Posts Rise In Profit

Sky PLC SKYAY reported a strong rise in its profit for the six months ended December 31. Sky's net profit for the period climbed to GBP1.09 billion ($1.65 billion), versus a year-ago profit of GBP411 million. Its adjusted revenue climbed 5% to GBP5.60 billion, while adjusted operating profit surged 16% to GBP675 million. The company's board recommended a dividend of 12.3 pence per share. During the second quarter, the company added 493,000 customers. Sky shares rose 2.41% to close at $57.35 yesterday.