BSkyB reports 11 per cent rise in revenue

New subscriptions in HD service help revenues increase to £5.9bn in second quarter

BSkyB has reported an 11 per cent year-on-year increase in its revenues to £5.9bn during the second quarter of the year.

The company, which signed a deal with US channel HBO to acquire exclusive rights to the entire HBO catalogue on Wednesday, also reported a threefold rise in its pre-tax profits for the year to the end of June to £878m from £259m a year earlier.

The satellite TV group attributed the growth in revenues and profits to new subscriptions, particularly for its high definition (HD) services.

The company said it had doubled the number of HD customers over the year. While the company added 429,000 existing customers for its HD service during the quarter, it added 90,000 new customers during the period. Its total customer base now stands at 9.86 million.

It added that it had performed well in a "tough consumer environment" and would continue to stay focused despite the "uncertain economic outlook".