Austar has recorded an EBITDA increase of 17% to $79 million in the six months to June 30 this year, together with a 26% jump in profit before interest and tax to $50 million.
The regional pay TV provider also increased its total TV subscribers by 38,002 to 639,128.
Austar CEO, John Porter, said: “Regional Australians are clearly recognising the ongoing improvement in our content with more and more residential customers jumping onboard with AUSTAR. Not only is the growth continuing but as the television rating figures show, our existing customers are very satisfied with the choice we offer.
“We are delighted that we can deliver great television services to regional Australia while continuing to deliver financial and operational results which benefit our shareholders.”
Porter noted that earnings before interest, taxation, depreciation and amortisation (EBITDA) for the six months increased by 17 percent to $79 million compared to H106, reflecting a 13% increase in gross margin to $148 million but only an 8% increase in operating expenses to $69 million.
