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08/11/2002

BSkyB announce subscribers up and return to profit

Helped by a strong growth in subscriber numbers, BSkyB have charged back into profit.
Pre-tax profits for the three months to late September came in at £43m, compared with a loss of £23m during the same period last year. This figure far outstripped the £34m profit forecast by analysts.
The company's improved performance partly reflected a sharp increase in their subscriber base, with 217,000 new customers signing up during the quarter. BSkyB said they now have an audience of 6.3 million, putting them 'comfortably' on track to hit their target of 7 million subscribers by the end of 2003.
BSkyB also reported a decline in churn to 9.6%, the lowest figure since they began broadcasting.
The company also held out the prospect of a recovery in the advertising market, saying that advertising revenues in the period had risen by 12% on the year to reach £60m.
BSkyB chief executive Tony Ball said the company had had a "record breaking quarter," and promised continued profit growth in the months ahead.
(GB)
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