Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  SKY PLC    SKY   GB0001411924

SKY PLC (SKY)

Delayed Quote. Delayed  - 02/24 05:35:27 pm
998 GBp   -0.20%
02/22 British Gas to launch 100 million pound customer loyalty scheme
02/16 SKY : HBK Investments LP - Form 8.3 - Sky Plc
02/16 NORGES BANK : - Form 8.3 - Sky PLC
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

BT To Increase Future Dividends After Profits Rise

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2012 | 08:37am CET

By Lilly Vitorovich

Of

BT Group PLC (BT.A.LN) Thursday raised its dividend for the year and said it will increase the dividend by 10% to 15% annually for the next three years as the U.K. telecommunications operator booked a rise in fourth-quarter net profit, thanks to new broadband customers and further cost cutting.

BT has been cutting costs to get the business in shape, while rolling out a super-fast fiber broadband network to attract new customers. Its global services division, which provides information-technology and telecommunications services to companies, is also growing in Asia and Latin America.

It also recently struck a deal with its pension trustee, which removed a major overhang on the stock, and triggered speculation among analysts that the company could increase its dividend payments.

BT booked a 34% rise in net profit to GBP632 million in the fourth quarter ended March 31, beating market expectations of GBP552 million, That compares with GBP472 million in the same quarter a year earlier.

BT added 136,000 retail broadband customers in the three months ended March 31, compared with rivals British Sky Broadcasting Group PLC (>> British Sky Broadcasting Group plc) and Virgin Media Inc. (VMED) who added 212,000 and 45,700 new broadband customers respectively over the same period. News Corp. (NWS) holds a 39.1% stake in BSkyB, and also owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.

Take-up of BT's super-fast broadband product, BT Infinity, increased strongly with the addition of 131,000 customers in the fourth quarter, taking the total to more than 550,000.

BT declared a final dividend of 5.7 pence, taking the total for the year to 8.3 pence, up 12% from a year earlier.

Adjusted earnings before interest, tax, depreciation and amortization--one of the main figures tracked by U.K. telecom analysts--rose 4% to GBP1.61 billion in the fourth quarter from GBP1.55 billion, beating market expectations of GBP1.58 billion.

Fourth-quarter revenue fell 4% to GBP4.88 billion from GBP5.06 billion, broadly in line with expectations, as customers make fewer landline calls. A rising number of people are using their smartphones and Microsoft Corp.'s (>> Microsoft Corporation) Skype, which offers free calls and videocalls via the Internet, to keep in contact with family and friends.

In March, BT secured a deal with its pension trustee that cuts its pension deficit by nearly half to GBP2.1 billion and cleared the way to eliminate the remaining shortfall entirely, which was well received by the market. This triggered speculation among analysts that the company would increase its dividend.

BT shares closed at 217 pence Wednesday, valuing the company at GBP16.91 billion. The stock has risen 14% since January, outperforming the FTSE 100 index, which has fallen 0.8% over the same period.

-By Lilly Vitorovich, Dow Jones Newswires; 44-0-207 842 9290; lilly.vitorovich@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SKY PLC
02/22 British Gas to launch 100 million pound customer loyalty scheme
02/16 SKY : HBK Investments LP - Form 8.3 - Sky Plc
02/16 NORGES BANK : - Form 8.3 - Sky PLC
02/15 SKY : HBK Investments LP - Form 8.3 - Sky Plc
02/15 NORGES BANK : - Form 8.3 - Sky PLC
02/13 NORGES BANK : - Form 8.3 - Sky PLC
02/13 SKY : US Hedge Funds Make Bets That Fox's Sky Bid Will Succeed
02/10 NORGES BANK : - Form 8.3 - Sky PLC
02/09 SKY : HBK Investments LP - Form 8.3 - Sky Plc
02/09 NORGES BANK : - Form 8.3 - Sky PLC
More news
Sector news : Broadcasting - NEC
07:45pDJCOMCAST : Universal Pictures' 'Get Out' Leads at Box Office
02/24DJWALT DISNEY : Culling at YouTube Network -- WSJ
02/23DJWALT DISNEY : Lays off About 80 from Maker Studios, Digital Publishing Unit -- S..
02/22DJDISH NETWORK : CEO Sees Pickup in Wireless Deal-Making -- Update
02/22DJDISH NETWORK : Swings to Profit
More sector news : Broadcasting - NEC
News from SeekingAlpha
02/23 Twenty-First Century Fox's Bid For Sky Plc Is Doomed. BT Group Plc Offers Bet..
02/12 Publicly Traded Merger Arbitrage Funds' Top 10 Holdings Q4 2016
02/08 Fox trading down after UK law proposal that could dent pursuit of Sky
02/03 Invesco International Growth Fund A (AIIEX) January Summary
01/31 Discovery, Sky set TV carriage deal in shadow of deadline
Advertisement
Financials ( GBP)
Sales 2017 13 044 M
EBIT 2017 1 405 M
Net income 2017 863 M
Debt 2017 6 397 M
Yield 2017 3,30%
P/E ratio 2017 19,93
P/E ratio 2018 15,80
EV / Sales 2017 1,81x
EV / Sales 2018 1,68x
Capitalization 17 156 M
More Financials
Chart SKY PLC
Duration : Period :
SKY PLC Technical Analysis Chart | SKY | GB0001411924 | 4-Traders
Full-screen chart
Technical analysis trends SKY PLC
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 10,9  GBP
Spread / Average Target 9,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
David Jeremy Darroch Chief Executive Officer & Executive Director
James Rupert Murdoch Chairman
Andrew John Griffith Chief Operating & Financial Officer, Director
Didier Lebrat Chief Technology Officer
Martin James Gilbert Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SKY PLC0.71%21 378
COMCAST CORPORATION9.05%180 038
WALT DISNEY CO5.29%174 443
CBS CORPORATION4.23%29 992
LIBERTY MEDIA FORMULA ..4.91%20 742
GRUPO TELEVISA SAB17.21%15 218
More Results