A good result for Sky TV.

Its net profit rose by 6.4 percent to $171.8 million in the year to June, despite a slight decline in its subscriber base.

Total revenue rose by 2.0 percent to $928 million.

The pay TV operator's average revenue per subscriber, per month, increased by 2.6 percent to $79.54 from $77.52 last year.

But at the same time, Sky says its subscriber base dropped by 1.5 percent to 851,561.

The company's decoder boxes are now in 47 percent of New Zealand homes.

Sky declared an imputed final dividend of 15 cents per share.