BT.A Bt Group Plc

By Adria Calatayud

BT Group PLC said Thursday that pretax profit for the first quarter of fiscal 2022 fell on the back of lower revenue and it reiterated guidance for the full year.

The British telecommunications group said pretax profit for the three months to June 30 was 536 million pounds ($745.2 million) compared with GBP561 million for the same period last year. Analysts expected BT to report pretax profit of GBP480 million, according to a consensus provided by the company.

Adjusted earnings before interest, taxes, depreciation and amortization--the company's preferred profit metric, which strips out exceptional and other one-off items--for the quarter rose to GBP1.87 billion from GBP1.81 billion a year before. Analysts had forecast an adjusted Ebitda of GBP1.81 billion, according to a company-provided consensus.

Revenue for the quarter fell to GBP5.07 billion from GBP5.25 billion.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

July 29, 2021 02:53 ET (06:53 GMT)

Bt (LSE:BT.A)
Historical Stock Chart
From Mar 2024 to Apr 2024

Bt (LSE:BT.A)
Historical Stock Chart
From Apr 2023 to Apr 2024