21st Century Fox posts huge surge in profits

  • 21st Century Fox has posted a fourth quarterly profit of $6.2 billion, up from the $1.2 billion registered last year in the same period, bettering analyst estimates.

    The Rupert Murdoch company’s good figures in the October-to-December period were in large part due to sale of stakes in Sky Italia and Sky Deutschland, media reports said.

    But its revenues were down by 1% to $8.06 billion.

    In a statement, Murdoch said 21st Century Fox had “delivered solid quarterly results” despite challenges.

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