Menu
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)
Related UK National News Stories
Click here for the latest headlines.
18 November 2008
Easyjet Pre-Tax Profits Plummet
Budget Airline EasyJet have seen pre-tax profits plummet by 45% to £110m despite carrying 17.3% more passengers over the year. The firm aims to meet difficult future economic conditions by concentrating on offering passenger value, cutting costs, and saving cash. Orders for new planes will be reduced.
Easyjet Pre-Tax Profits Plummet
Budget Airline EasyJet have seen pre-tax profits plummet by 45% to £110m despite carrying 17.3% more passengers over the year. The firm aims to meet difficult future economic conditions by concentrating on offering passenger value, cutting costs, and saving cash. Orders for new planes will be reduced.
12 May 2005
Dixons repeats warning on consumer slowdown
UK-based electrical retailer has again cautioned that it expects a slowdown in consumer spending and decreased prices to hit profits in the remainder of this year. Dixons Group plc's trading statement warned that gross margins were down 0.
Dixons repeats warning on consumer slowdown
UK-based electrical retailer has again cautioned that it expects a slowdown in consumer spending and decreased prices to hit profits in the remainder of this year. Dixons Group plc's trading statement warned that gross margins were down 0.
21 September 2004
Tesco half-year results show big growth in profits
Tesco has reported a massive surge in growth – notching £16.5 billion in sales, up 12.2% on last year's mark. According to the company's half-year interim results ending in August, underlying group pre-tax profit increased by 24.4% to £822 million.
Tesco half-year results show big growth in profits
Tesco has reported a massive surge in growth – notching £16.5 billion in sales, up 12.2% on last year's mark. According to the company's half-year interim results ending in August, underlying group pre-tax profit increased by 24.4% to £822 million.
07 October 2015
Tesco Reveals Further Drop In Profits
Tesco has revealed a further drop in profits in its interim results. Underlying profits for the first half of its financial year were £354m, a 55% decline from £779m last year. It's overall pre tax profit was £74m, compared to a loss of £19m in 2014. However, the number of transactions increased by 1.5% while sales volumes rose 1.4%.
Tesco Reveals Further Drop In Profits
Tesco has revealed a further drop in profits in its interim results. Underlying profits for the first half of its financial year were £354m, a 55% decline from £779m last year. It's overall pre tax profit was £74m, compared to a loss of £19m in 2014. However, the number of transactions increased by 1.5% while sales volumes rose 1.4%.
26 July 2005
BP reports record half-year profits
BP has reported record profits of $10.7 billion (£6 billion) for the first half of 2005. This represents a massive hike in profits for the comparable period for 2004 as the oil giant benefits from a rising demand for oil around the world.
BP reports record half-year profits
BP has reported record profits of $10.7 billion (£6 billion) for the first half of 2005. This represents a massive hike in profits for the comparable period for 2004 as the oil giant benefits from a rising demand for oil around the world.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
