Partner Article

BSkyB announce 1,300 jobs following growth

BSkyB have announced the creation of 1,300 jobs in the UK and Ireland, following increased profits.

The broadcasting organisation revealed revenue has risen by 6% to £3.4bn, and 100,000 new households had subscribed to their services.

The gains represent an increase in operating profit of 16% to £601m, the highest ever first-half figure for BSkyB.

Off the back of this success, the company has announced it will create 1,300 new jobs over the course of the next two years.

Chief executive, Jeremy Darroch, commented: “It has been a strong first half with progress on all fronts. While these are tough times for many consumers, our customers are staying loyal and more households continue to join us.

“From broadband to high definition, people are choosing Sky for a wider range of products
than ever, underlining the transformation of our business over the last few years.

“Our approach to growth is working well. We’re adding more value to the Sky subscription by
investing where it matters most to customers, with more great entertainment and groundbreaking innovation like Sky Go.

“Alongside that, we’re improving efficiency behind the scenes so we can expand margins at the same time. Financially, we’ve delivered another strong result, with our highest ever first-half operating profit and 20% growth in earnings per share.

“On the back of this, we’re increasing the dividend again and have started our share buyback programme to increase returns for our shareholders.

“We expect the environment to remain tough in calendar 2012. No consumer business can be
immune to these conditions and we will manage any short-term headwinds as they emerge.”

Growth in retail and wholesale operations had helped to offset a fall in advertising sales.

This was posted in Bdaily's Members' News section by Tom Keighley .