BSkyB yesterday announced its financial results for the year to June 1993. BSkyB made a pre-tax, pre-interest profit of £61.5m, compared to a loss of £47m last year. Interest charges of £8m reduce this to £54m. Turnover is £380m with 80% coming from subscribers to movie channels and Sky Sports.
BSkyB is to launch its second sports channel in February 1994, and it is likely to be free for existing sports subscribers, serving as an “overflow” channel for live events at the same time. BSkyB also announced yesterday that sales of satellite dishes had surged in July and August, rising to 22,000 a week.(14,000 a year ago).
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