BT profits rise after restructuring and job cuts
Profits at telecoms group BT have jumped 71% after a year of job cuts, restructuring and an aggressive roll-out of broadband operations.
Pre-tax profits in the year to 31 March were £1.7bn, and in the fourth quarter alone rose 97% to £495m.
This came despite revenues for the year falling 4% to £20bn, and 6% in the last quarter to £5bn.
Gavin Patterson is the CEO of BT Retail and he told the BBC that the international service and infrastructure business helped to boost profits.
12 May 2011
- From the section Business