Sky Perfect revises forecast upwards

Japanese pay-TV group sees better than expected half-year

BEIJING -- Japanese pay-TV group Sky Perfect JSAT has revised upwards its forecast earnings for the half-year completed in September.

The company said revenues would be Y500 million ($5.67 million) higher than the Y69 billion ($783 million) previously forecast and that this would all fall through to the bottom line.

Net income is forecast to rise from a previously forecast Y2.4 billion ($27.2 million) to Y2.9 billion ($32.9 million). The company said that it had made more efficient use of resources. In the same six months last year net income stood at just Y309 million ($3.51 million).

The revisions come a week ahead of the Cable and Satellite Broadcasting Association of Asia annual convention (Nov. 3-6) and only days after a CASBAA report suggesting that the pay-TV sector has strong growth prospects around the region.