Sky Network Television Ltd. (SKT.NZ) said Friday its full-year net profit rose 17% as its subscriber base and average revenue per subscriber per month increased.

The Auckland-based pay television operator, 43.7% owned by News Corp. (NWS), which owns Dow Jones & Co., publisher of this newswire, and The Wall Street Journal, said net profit in the 12 months to June 30 was NZ$120 million compared with NZ$103 million in the previous year.

By Rebecca Howard, Dow Jones Newswires; 64-4-471-5990; rebecca.howard@dowjones.com

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