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BSkyB declares itself 'fit and proper'

BSkyB declares itself 'fit and proper'

British Sky Broadcasting has declared that it is a "fit and proper" company as it reported a 19 percent gain in net profit for the first nine months of its financial year.
BSkyB's declaration Wednesday comes a day after a parliamentary committee concluded that Rupert Murdoch, the chief executive News Corp., BSkyB's biggest shareholder, was not fit to run an international company.
For the nine months to March 31, BSkyB reported a net profit of 689 million pounds ($1.1 billion), compared to 581 million pounds a year earlier. Revenue was up 5 percent to 5.1 billion pounds.
The company did not break out quarterly earnings.


Updated : 2021-07-31 18:16 GMT+08:00