BT Group: shares soar after half-year results
(CercleFinance.com) - Shares in Britain's BT soared 7.
7% on Thursday after its half-year results statement reassured investors about its business and outlook.
While revenue dropped 2% to 11.6 billion pounds in the half year to 30 September, the group's pre-tax profit rose by 2% to 1.3 billion pounds, driven by sales of high-end smartphones and cost savings.
"We continued to generate positive momentum in the second quarter resulting in encouraging results for the half year," commented Chief Executive Gavin Patterson.
The results enabled the telecom group to reiterate its full-year outlook. Based on current trading, BT expects EBITDA to be in the upper half of its 7.3-7.4 billion pounds range.
In its statement, BT confirmed the appointment of Philip Jansen as its new Chief Executive from 1 February 2019.
The stock is currently the best performer on London's FTSE 100 index, soaring 7.7% at 259.1 pence.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7% on Thursday after its half-year results statement reassured investors about its business and outlook.
While revenue dropped 2% to 11.6 billion pounds in the half year to 30 September, the group's pre-tax profit rose by 2% to 1.3 billion pounds, driven by sales of high-end smartphones and cost savings.
"We continued to generate positive momentum in the second quarter resulting in encouraging results for the half year," commented Chief Executive Gavin Patterson.
The results enabled the telecom group to reiterate its full-year outlook. Based on current trading, BT expects EBITDA to be in the upper half of its 7.3-7.4 billion pounds range.
In its statement, BT confirmed the appointment of Philip Jansen as its new Chief Executive from 1 February 2019.
The stock is currently the best performer on London's FTSE 100 index, soaring 7.7% at 259.1 pence.
Copyright (c) 2018 CercleFinance.com. All rights reserved.