(MENAFN– ecpulse)
BT Group Plc, the biggest fixed-line phone company in the UK, said Thursday its second-quarter profit fell 17 percent, narrowly beating estimates as the company spent 84 million pounds to restructure its business.
- Adjusted earnings fell 0.8 percent to £1.44 billion vs. £1.41 billion estimated
- Revenue declined to £4.45 billion vs. £4.50 billion expected
- Adjusted earnings per share rose to 5.9 pence, from 5.6 pence forecasted by analysts
- Net debt fell to £8.06 billion vs. £9.14 billion.
BT, the London-based company said it is cutting costs, including capital spending and labor expenses, to maintain earnings before interest, tax, depreciation and amortization (Ebitda) as the company builds up its sports programming. - As of 04:44 ET, BT Group PLC (BT/A:LN) share declined 1.11% or 3.800 points to 338.200 pounds
BT Group Plc, the biggest fixed-line phone company in the UK, said Thursday its second-quarter profit fell 17 percent, narrowly beating estimates as the company spent 84 million pounds to restructure its business.
- Adjusted earnings fell 0.8 percent to £1.44 billion vs. £1.41 billion estimated.
- Revenue declined to £4.45 billion vs. £4.50 billion expected.
- Adjusted earnings per share rose to 5.9 pence, from 5.6 pence forecasted by analysts.
- Net debt fell to £8.06 billion vs. £9.14 billion..
BT, the London-based company said it is cutting costs, including capital spending and labor expenses, to maintain earnings before interest, tax, depreciation and amortization (Ebitda) as the company builds up its sports programming.
- As of 04:44 ET, BT Group PLC (BT/A:LN) share declined 1.11% or 3.800 points to 338.200 pounds.
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