NZ's Sky Network Television slips on HY loss, outlook downgrade

Sky Network Television

21/02/2025 02:50

** Shares of Sky Network Television  SKT.NZ  fall 3.5% to
NZ$2.51
    ** Stock fell 3.9% to NZ$2.5 in early trade, its largest
intraday pct fall since mid-December
    ** The New Zealand-based media and broadcasting firm logs
net loss NZ$1.8 mln ($1.04 mln) for HY vs profit NZ$29 mln last
year
    ** Also sees FY25 NPAT in lower end of the NZ$35 mln-NZ$42.5
mln range, down from earlier forecast of NZ$40 mln-NZ$55 mln
    ** More than 199,000 shares change hands vs 30-day avg
volume of around 123,000 shares
    ** Stock down 3.5% YTD, including current session's moves

    ($1 = 1.7352 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))