Profits Flat at BT

BT has reported its second quarter and half year figures to 30 September 2012. Profits (EBITDA) are flat for the quarter compared top the same period last year at £1,497m on a turnover of £4,474m which is down 9% on the same measurement.

Ian Livingston, Chief Executive at, commenting on the results, said: “We have delivered another solid quarter of growth in profit before tax despite the economic conditions and regulatory impacts. We continue to make significant investments in the future of our business and we are again accelerating our fibre roll-out. We now expect fibre to be available to two-thirds of UK premises during spring 2014, more than 18 months ahead of our original schedule, and we are recruiting more than 1,000 engineers in 2012 to help deliver this.

“Over the summer we helped to deliver the most connected Olympic and Paralympic Games ever and I am proud of the part that our people played in its success.

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

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