Spinoff boosts Dish Network

Dish Network Corp., the second- largest U.S. satellite-television company, said first-quarter profit rose 65% after the January spinoff of its equipment business.

Net income increased to $258.6 million, or 57 cents a share, from $157.1 million, or 35 cents, a year earlier, the Englewood, Colo.-based company said. Sales rose 75% to $2.84 billion.

Shares of Dish Network gained 6 cents to $30.45.