BT Reports 13% Rise in 1Q Pretax Profit, Retains Fiscal Year Outlook
July 28 2016 - 3:17AM
Dow Jones News
By Tapan Panchal
LONDON--BT Group PLC (BT.A.LN) on Thursday reported a 13% rise
in first-quarter pretax profit and said that it remains on track to
deliver on its full-year outlook.
For the three months ended June 30, the telecommunications
company recorded a pretax profit of 717 million pounds ($941.23
million), up from GBP632 million recorded in the year-ago period,
on reported revenue of GBP5.78 billion and GBP4.36 billion,
respectively
Adjusted earnings before interest, taxes, depreciation and
amortization, or Ebitda, for the quarter totaled GBP1.82 billion,
versus GBP1.45 billion.
BT said it continues to anticipate growth in fiscal 2017
underlying revenue and adjusted Ebitda to total around GBP7.9
billion. It also forecast at least 10% growth in dividend and a
share buyback worth GBP200 million.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
July 28, 2016 03:02 ET (07:02 GMT)
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