BT: pleases with quarterly results, financial outlook
(CercleFinance.com) - BT Group has delivered second-quarter results in line with expectations, and said that it remains on track to meet its full-year outlook.
The UK's largest fixed-line telecom operator posted pre-tax profit of 1.3 billion pounds, broadly flat year-on-year, for the three months to 30 September, due to increased spectrum fees, content costs and capex.
Its revenue fell 1% to 11.5 billion pounds.
BT said that it continues to make progress in its modernisation agenda, delivering over 1.1 billion pounds in annualised cost savings.
It also maintained its overall financial outlook.
The BT share is currently up nearly 1.4%, with these quarterly figures clearly pleasing investors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The UK's largest fixed-line telecom operator posted pre-tax profit of 1.3 billion pounds, broadly flat year-on-year, for the three months to 30 September, due to increased spectrum fees, content costs and capex.
Its revenue fell 1% to 11.5 billion pounds.
BT said that it continues to make progress in its modernisation agenda, delivering over 1.1 billion pounds in annualised cost savings.
It also maintained its overall financial outlook.
The BT share is currently up nearly 1.4%, with these quarterly figures clearly pleasing investors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.