Why Sky Network Television increased FY21 earnings guidance ?

Sky Network Television Ltd (ASX: SKT) announced a further increase in its earnings guidance for the financial year 2021.

The latest earnings guidance talks about the revenue to be between A$695 million and A$715 million, against the previous expectations of A$680 million and A$710 million. 

The net profit after tax (NPAT) would be between A$37.5 million and A$45 million, against the previous expectations of A$20m and A$30 million.

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