BT on the right line

Full year underlying profits at telecoms titan BT were slightly ahead of expectations even though revenue was a bit on the light side.

Full year underlying profits at telecoms titan BT were slightly ahead of expectations even though revenue was a bit on the light side.

Underlying profit before tax in the year to March 31st rose 17% to £2,421m, versus expectations of £2,412m. Earnings before interest, tax, depreciation and amortisation (EBITDA) edged up 3% to £6,064m.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.