21st Century Fox quarter profits rise to $920m

21st Century Fox saw full-year profits surged almost 50% to $4.48bn (?3.38bn) in the period to 30 June.
The US entertainment giant, which currently owns a 39.1% stake in Sky Plc, owner of Sky News, saw annual profit and revenues beat expectations on the back of earning higher fees from cable distributors.
Revenue for the year was up 6% to $30.4bn, from $28.5bn in 2017.Fox said on Wednesday net income attributable to shareholders increased to $920m or 49 cents per share in
the fourth quarter ended 30 June, from $476m or 26 cents per share a year earlier.:: 21st Century Fox files papers for €24.5bn Sky offer
Fourth quarter revenue rose nearly 18% to $7.94bn from $6.75bn in the previous periodThe results were announced after US trading hours.
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The company, vying alongside US media giant Comcast for control of Sky, Europe's largest pay-TV broadcaster, posted its offer document a day earlier, ahead of Thursday's deadline.In its statement released with its annual income results, the company said it remains "committed to its cash offer for the shares of Sky which the Company does not already own and is currently considering its options."
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