Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 01 November 2012 12:06

BT profits are up 7 per cent

Written by Nick Farrell



Recession? What recession


BT is reporting that despite a tough year its profits are up more than 7 per cent.

However the company has been forced to revise its outlook for full-year revenues owing to a “triple whammy of recession, regulation and rain. The company said that things would be better in the second half of the year.

Pre-tax profit at the UK telecoms group rose seven per cent to £608million in the second quarter owing to the effects of further cost-cutting BT announced its plans to roll out superfast fibre broadband nationwide had been sped up and that revenues slid nine per cent to £4.5billion.

A UK Court of Appeal decision on call termination charges in the second quarter walloped revenues at BT Wholesale, while the heavy rains in the UK this year meant its Openreach arm handled more repair.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments