Feeds

BT profits up, revs flat

Broadband on the up

  • alert
  • submit to reddit

The smart choice: opportunity from uncertainty

BT rung up a 56 per cent increase in pre-tax profits during Q1 even though turnover remained flat at the UK's dominant telco.

The improved figure comes as BT continued to sit on costs such as property and IT.

In the three months to the end of June, pre-tax profit was £502 million ($811.5 million), compared to £322 million ($520.5 million) in the year before. Group turnover remained flat at £4.59 billion ($7.42 billion).

BT saw a three per cent drop in the group's core business but this was offset by a 23 per cent growth in new wave revenues - areas such as ICT, broadband and mobile. The consumer sector has shown continued growth although revenue from SMEs declined, the company said.

In a statement. BT's chief exec., Ben Verwaayen, said: "Our focus on financial discipline, defending our core business and creating new business streams continues to deliver results."

One of those new revenue streams is broadband. As of the end of June BT had 1.06 million wholesale ADSL lines with orders increasing by more than 25,000 a week.

BT's retail broadband services - in the shape of BT Broadband and BT Openworld Broadband - account for half of all ADSL connections in the UK boasting a combined customer base of 536,000 at June 30.

Shares in BT fell in early trading down 7p (3.42 per cent) at 197.5p. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.