May 23, 2013

BSkyB Share price closes seven percent up

The BskyB share price closed seven percent up on Thursday at 759p as the TV broadcaster revealed its quarterly results.

While revenue increased to £1.72bn from £1.65n compared to the same period last year, it’s profits slipped from £307m to £288m.

However, analysts took great confidence from the news that existing customers were staying loyal and purchasing extra services from Sky.

During the quarter, Sky also added 20,000 net customers for its TV business.

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