BT profits edges up despite waning consumer and business revenue
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BT Group PLC reported a 1% increase in pre-tax profit for the third quarter, reaching £427 million, despite a decline in consumer and business revenue. This was achieved through effective cost control, with adjusted earnings rising 4% to £2.1 billion.
January 30, 2025 | 7:45 am
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BT Group PLC's Q3 pre-tax profit increased by 1% to £427 million, driven by cost control measures despite a decline in consumer and business revenue. Adjusted earnings rose 4% to £2.1 billion.
The increase in profit despite declining revenue suggests effective cost management, which is positive for BT Group's financial health. This could lead to a short-term positive impact on BTGOF's stock price.
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