Sky Deutschland Posts Q1 Profit

27% profit every 20 days?

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Sky Deutschland AG (OTC: SKDTY) posted a profit in the first-quarter.Sky Deutschland swung to a quarterly net profit of 12 million euros ($15 million), versus a year-ago net loss of EUR14 million.Its revenue climbed 10% to EUR431 million, versus analysts' estimates of EUR437 million.Earnings before interest, taxes, depreciation and amortization surged 86% to EUR54 million, versus estimates of EUR47 million.Sky Deutschland's direct subscribers rose 26% y/y to a total of more than 3.9 million.For the financial year ending next June, Sky Deutschland still expects EBITDA of EUR80 million to EUR110 million. It also projects subscriber net growth of 400,000 to 450,000.

27% profit every 20 days?

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