Sky TV Forecasts Fiscal Year Net Profit Slightly Below What Analysts Expect

Sky Television Network Ltd. (SKT.NZ) is expecting its fiscal-year net profit to be somewhat below analysts' expectations, according to a presentation at the company's annual general meeting Friday.

The Auckland-based pay television operator, 43.7% owned by News Corp. (NWS), which owns Dow Jones & Co., publisher of this newswire, and The Wall Street Journal, said its net profit in the year to June 30 would be NZ$120 million-NZ$125 million (US$95 million-US$99 million). It said the mean forecast from analysts was for a net profit of NZ$136 million.

Sky Television said its earnings before interest, tax, depreciation and amortization would total NZ335 million-NZ$340 million, against analysts' forecasts for Ebitda of NZ$347 million.

-By Rebecca Howard, Dow Jones Newswires; +64-4-471-5990; rebecca.howard@dowjones.com

Sky Network Television (ASX:SKT)
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