BT Group unveils rise in annual and fourth quarter profits

BT Group's annual pre-tax profit was up 11 per cent on the previous year as the telecoms company kept a tight rein on costs.

BT Group's annual pre-tax profit was up 11 per cent on the previous year as the telecoms company kept a tight rein on costs.

The company, which Thursday revealed it would offer free sports channels to broadband customers, saw profit for the 12 months to end of March come to £2.6bn despite a 5.0% year-on-year fall in revenue to £18.2bn.

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