Feeds

BT's new boss reports flat sales and pre-tax profit tumble

But hey, at least sport channel's off to a 'confident start' – Patterson

Beginner's guide to SSL certificates

BT's freshly installed chief executive Gavin Patterson told the City today that revenue had edged up to £4.49bn, while profit before tax fell 10 per cent to £499m during the company's second quarter.

In a cautious-sounding statement, Patterson said that the three months ended 30 September had produced "good results" for BT.

He added: "This has been our strongest ever quarter for fibre take-up with Openreach net connections up 70 per cent."

The telecoms giant said that its predominantly fibre-to-the-cabinet network (feeding the cabling into properties over a copper line) had now passed more than 17 million premises in Blighty. Of these 17 million premises, about 7 million subscribers had opted for BT's own product, while the rest opted for the products of rival ISPs that use the fibre.

BT Sport, which launched in August, now has two million of the company's subscribers signed up to it. Patterson said the TV channel had "made a confident start".

The one-time national telco saw mixed results with its business divisions during the three-month period, reporting either flat or falling sales.

Its Global Services wing took the biggest knock, with revenue down four per cent to £1.69bn from £1.75bn during the same quarter a year ago.

BT's Wholesale divisions reported a conservative climb in sales, while Openreach's revenue performance was slightly worse off than in the company's 2012 second quarter. The company blamed regulatory price changes, which had had a £70m impact on that arm of the business, where sales were down to £1.27bn.

The telco's retail division was the star of the show - with revenue up 2 per cent to £1.84bn helped along by broadband and TV sales. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Will BlackBerry make a comeback with its SQUARE smartphones?
Plus PC PIMs from company formerly known as RIM
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.