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General

BT plans job cuts as underlying revenues drop 0.9% in Q4

Thursday 11 May 2017 | 10:33 CET | News
Update: 11 May 2017 | 15:03 CET
BT ended what it described as a "challenging" financial year with results broadly in line with the revised outlook published in January, when the company issued a profit warning on the back of its accounting problems in Italy. The underlying results for the fourth fiscal quarter were down year-on-year, with a revenue drop of 0.9 percent (excluding transit and adjusted for the acquisition of EE), EBITDA down by 4.6 percent (adjusted for the acquisition of EE) and a 6 percent fall in adjusted profit before tax. The group intends to restructure its troubled Global Services division, removing

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[11/05/2017 15:03- Update: Update on executive remuneration]


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Categories: General
Companies: BT
Countries: United Kingdom / World
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