BT has reported pre-tax profits of £1.5 billion for the second quarter, up 2%, with revenues of £5 billion, up 3%.
Its second quarter earnings were up by 2%, boosted by growth in its networked IT services and broadband.
The telecoms giant had 11.7 million wholesale broadband connections (DSL and LLU) at the end of September, including 3.2 million local loop unbundled lines, an increase of 2.4 million connections year on year.
There were 479,000 connections in the quarter, with BT’s retail share of those net additions at 178,000, being 37%. BT Retail’s total broadband customer base was 4,074,000 at the end of September, accounting for 35% of the DSL and LLU total customer base.
Ben Verwaayen, chief executive, said: “This is another solid set of results with revenue, EBITDA1 and earnings per share1 all continuing to grow.
“This is the twenty second consecutive quarter of year on year growth in earnings per share1. We are achieving significant transformation of our business which will deliver further efficiencies alongside faster, better, smarter services for our customers. We continue to be the UK’s number one retail broadband provider.”
Related Links
