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BSkyB Profit Rises 16 Percent on Web Demand; Shares Climb
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British Sky Broadcasting Group Plc’s fiscal first-quarter operating profit rose 16 percent, topping analyst estimates, as the U.K.’s biggest pay-TV broadcaster sold more broadband products to its subscribers.
The stock rose as much as 3.7 percent in London trading. Earnings before interest and taxes and other items rose to 295 million pounds ($465 million) in the three months through September from a year earlier, the company said today. Analysts had estimated 286.5 million pounds.