21st Century Fox posts huge surge in profits
February 5 , 2015
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.