Sky PLC (SKY.LN) said Thursday that revenue increased 8% and profit was up 4% in the fiscal year ended June compared with the same period a year earlier, as the British pay-TV giant awaits a verdict from U.K. regulators over whether Rupert Murdoch's 21st Century Fox Inc. can buy out the 61% of Sky that it doesn't already own.
Sky said revenue increased to 12.9 billion pounds ($16.9 billion) and profit rose to GBP691 million. Operating profit decreased by 1.3% to GBP964 million because of increased costs for the rights to broadcast games from England's top soccer league, Sky Chief Executive Jeremy Darroch said.
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Mr. Murdoch and his family are major shareholders in Fox, Sky and News Corp., the publisher of The Wall Street Journal.
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(END) Dow Jones Newswires
July 27, 2017 02:54 ET (06:54 GMT)