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10/05/2013
Rise In Pre-Tax Profits For BT
BT has posted an increase of 2% in its pre-tax profits for the year to 31 March.
Profits rose to £2.5bn, but revenues still fell 5% to £18bn.
The company also created 3,000 jobs in the UK over the past year.
The figures were unveiled a day after the telecoms firm said it would offer free Premier League football to its broadband customers in a bid to challenge BskyB's dominance of the UK's sports pay-TV market.
Commenting on the results, Chief Executive Ian Livingston said: "We are doing what we said we would do. In an environment where it is easier to focus only on the short-term, we are investing in our future and delivering growth in profits and dividends. We are driving fibre across the UK, launching high quality sports channels, investing in the high-growth regions of the world and will use our wi-fi capabilities and 4G spectrum to make sure our customers will be the best connected.
"We have created around 3,000 new jobs in the UK over the last year to support these investments.
"Our focus on improving efficiency across the business will allow us to continue to deliver strong financial results whilst making these investments. Our good performance this year is reflected in our dividend which is up 14% for the year."
The results, were better than analysts had predicted and resulted in the firm's share price increasing by more than 8% in early morning trading.
(JP/CD)
Profits rose to £2.5bn, but revenues still fell 5% to £18bn.
The company also created 3,000 jobs in the UK over the past year.
The figures were unveiled a day after the telecoms firm said it would offer free Premier League football to its broadband customers in a bid to challenge BskyB's dominance of the UK's sports pay-TV market.
Commenting on the results, Chief Executive Ian Livingston said: "We are doing what we said we would do. In an environment where it is easier to focus only on the short-term, we are investing in our future and delivering growth in profits and dividends. We are driving fibre across the UK, launching high quality sports channels, investing in the high-growth regions of the world and will use our wi-fi capabilities and 4G spectrum to make sure our customers will be the best connected.
"We have created around 3,000 new jobs in the UK over the last year to support these investments.
"Our focus on improving efficiency across the business will allow us to continue to deliver strong financial results whilst making these investments. Our good performance this year is reflected in our dividend which is up 14% for the year."
The results, were better than analysts had predicted and resulted in the firm's share price increasing by more than 8% in early morning trading.
(JP/CD)
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