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BT.A Bt Group Plc

109.65
0.40 (0.37%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 0.37% 109.65 109.65 109.70 110.50 109.20 110.00 19,042,886 16:29:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.72 10.9B

BT Posts Higher Profit

30/01/2015 10:42am

Dow Jones News


Bt (LSE:BT.A)
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From Mar 2019 to Mar 2024

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LONDON--Telecom company BT Group PLC on Friday reported a better-than-expected rise in third-quarter net profit, boosted by demand for fiber Internet broadband.

Net profit rose to GBP558 million ($841 million) in the three months ended Dec. 31 from GBP493 million in the same period a year earlier, compared with market expectations of GBP514 million.

Revenue fell 3% to GBP4.47 billion, versus market forecasts of GBP4.49 billion. Still, revenue at its consumer division rose 7%, boosted by 15% growth in broadband and television revenue. Free cash flow jumped 64% to GBP904 million.

The former British telecom monopoly said it still expects its fiscal-year earnings before interest, tax, depreciation and amortization adjusted for exceptional items to be between GBP6.2 billion and GBP6.3 billion.

Chief Executive Gavin Patterson said operators are responding to the strong market demand for fiber broadband.

Mr. Patterson added the company is making "good progress" on its potential acquisition of mobile operator EE for nearly $20 billion.

Separately, BT said its funding deficit is GBP7.0 billion at June 30 2014. It will pay GBP2 billion into the scheme over the next three years with GBP1.5 billion of that being paid before the end of April.

BT shares closed Thursday at 429.1 pence, valuing the company at GBP34.93 billion.

Write to Simon Zekaria at simon.zekaria@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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