BT Group 1Q Pretax Profit Fell; Backs Fiscal Year 2022 Guidance
July 29 2021 - 3:05AM
Dow Jones News
By Adria Calatayud
BT Group PLC said Thursday that pretax profit for the first
quarter of fiscal 2022 fell on the back of lower revenue and it
reiterated guidance for the full year.
The British telecommunications group said pretax profit for the
three months to June 30 was 536 million pounds ($745.2 million)
compared with GBP561 million for the same period last year.
Analysts expected BT to report pretax profit of GBP480 million,
according to a consensus provided by the company.
Adjusted earnings before interest, taxes, depreciation and
amortization--the company's preferred profit metric, which strips
out exceptional and other one-off items--for the quarter rose to
GBP1.87 billion from GBP1.81 billion a year before. Analysts had
forecast an adjusted Ebitda of GBP1.81 billion, according to a
company-provided consensus.
Revenue for the quarter fell to GBP5.07 billion from GBP5.25
billion.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
July 29, 2021 02:53 ET (06:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Bt (LSE:BT.A)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bt (LSE:BT.A)
Historical Stock Chart
From Apr 2023 to Apr 2024