British pay-TV giant BSkyB has announced that net profits fell in the first quarter of the group's financial year and warned that the consumer outlook was 'challenging'.
Net profits fell 13.1% to £73 million in the three months to the end of September, compared with the same period last year, BSkyB said in a results statement.
However, operating profits, excluding exceptional items, surged by 21% to £182 million during the first quarter.
Revenue increased 5.4% to £1.249 billion as it added 87,000 new customers to bring total subscribers to over nine million people.
BSkyB also took another £24-million writedown linked to its stake in broadcaster ITV.
