New Zealand's Sky Network hits 4-month high on robust results, forecast

Sky Network Television

25/08/2022 03:59

** Shares of New Zealand's Sky Network Television Ltd
 SKT.NZ  rise as much as 6.18% to NZ$2.75 - highest since April
21
    ** Media co announces FY adjusted net profit after tax of
NZ$49.2 mln ($30.51 mln), a growth of 12% from prvs year
 urn:newsml:reuters.com:*:nFWN3001RB
    ** Declares fully imputed final dividend of 7.3 NZ cents per
share
    ** Says FY22 revenue rise of 4% to NZ$736.1 mln due to
growth in streaming and Sky Box segments 
    ** Sees FY23 revenue of NZ$750 mln-NZ$770 mln, forecasts
FY23 NPAT of NZ$50 mln-NZ$60 mln 
    ** Anticipates paying FY23 dividend at upper end of target
payout range of 50%-80% and total dividends in range of NZ$17
mln-NZ$23 mln
    ** Stock to see best day since May 31 if gains hold  
    ** Shares down 4.15% YTD, as of last close   

($1 = 1.6126 New Zealand dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))