Profits rise at BT Group

Profits rise at BT Group

BT Group has announced its results for the second quarter and half-year to 30 September 2012.

Profit before tax in the second quarter was �608m – an increase of 7pc – while profit in the half-year was �1,186m, up 8pc.

Revenue for the second quarter was up 9pc at �4,474m, while revenue for the half-year was �8,958m, an increase of 7pc.

BT Ireland’s revenue increased by 1pc in the period, which also saw the company entering into a wholesale deal to provide Sky with managed voice and broadband services.

“We have delivered another solid quarter of growth in profit before tax despite the economic conditions and regulatory impacts,” said chief executive Ian Livingston

“We continue to make significant investments in the future of our business and we are again accelerating our fibre rollout.

“Our confidence in the future of our business is demonstrated by the 15pc increase in the interim dividend.”