Saturday, 22 July 2017

BT profits up but revenue down across the board

By Nick Wood, Total Telecom
Friday 01 February 13

U.K. incumbent blames Europe's economic woes, regulation for 6% revenue slide; shares up as pretax profit beats expectations.

BT on Friday posted a 7% increase in pretax profit for its fiscal third quarter, but saw revenues decline at every business line. Adjusted group revenue at the U.K. incumbent declined 6% to &pound…

BT on Friday posted a 7% increase in pretax profit for its fiscal third quarter, but saw revenues decline at every business line. Adjusted group revenue at the U.K. incumbent declined 6% to &pound…

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