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DirecTV Q4 profit rise

US satellite TV provider DirecTV has reported that profit and revenue rose in the fourth quarter after it added 103,000 net subscribers.

Net income attributable to DirecTV rose to $942 million compared with $718 million a year ago. Revenue rose 8 per cent to $8.05 billion.

In the US it added 103,000 net subscribers. In Latin America, the greatest driver of its business, it added 658,000 NET subscribers.

The company also authorized a new $4 billion stock repurchase programme. In December, DirecTV Group said its service fees will rise an average 4.5 per cent in February due to increasing programming costs.

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