BT Profits Fall but Group Insists It Remains 'on Track'

BT profits fall but company insists it remains 'on track'

In a trading update for the three months to 30 June, the FTSE 100 company informed shareholders its reported profit before tax was down 10 per cent to £468m

BT profits fall but group insists it remains 'on track'

Telecoms giant BT Group reported a 10 per cent drop in reported profit before tax on top of a three per cent decline in adjusted revenue, while reaffirming it is ‘on track’ to achieve full-year guidance. In a trading update for the three months to 30 June, the FTSE 100 company informed shareholders its reported profit before tax was down 10 per cent to £468m, “primarily due to an increase in net finance costs and depreciation and amortisation”. …

BTwatch Analyst Briefing: regulatory give and take

Latest from BT as the group benefits from spectrum licence fee savings, but warns of potential competitive damage if TAR changes go through as proposed; Simon Lowth reportedly on his way out; 5G SA rollout updates…