Business & Finance
BT Profit Falls as Lower Broadband, Voice Margins Offset Cuts
Key Points
BT Profit Falls as Lower Broadband, Voice Margins Offset Cuts BT Group Plc reported a slight decline in profits for its fiscal first quarter, as lower margins in its consumer broadband and voice businesses offset its cost-cutting efforts. Adjusted earnings before interest, taxes, depreciation and amortization fell 1% year over year to £2 billion ($2.7 billion) in the first quarter, according to a statement Thursday. Analysts had estimated about £2 billion, according to a consensus provided...
BT Profit Falls as Lower Broadband, Voice Margins Offset Cuts
BT Group Plc reported a slight decline in profits for its fiscal first quarter, as lower margins in its consumer broadband and voice businesses offset its cost-cutting efforts.
Adjusted earnings before interest, taxes, depreciation and amortization fell 1% year over year to £2 billion ($2.7 billion) in the first quarter, according to a statement Thursday. Analysts had estimated about £2 billion, according to a consensus provided by the company.