Sky NZ increases guidance after ‘positive start’ to financial year

Pay-television broadcaster Sky New Zealand has raised its profit and revenue guidance for 2021 after what it described as a “positive start” to the financial year, higher than expected growth in its direct satellite customer base and “tight cost control”.

Sky said its net profit for the 2021 financial year is now likely to be between NZ$20m (€11.6m/$13.7m) and NZ$30m, up from the figure of NZ$10m to NZ$20m it projected when releasing full-year financial results back in September.