BT Group Sees Fiscal Year 2019 Earnings in Upper Half of Guidance After 1st Half Rise
01 Novembre 2018 - 8:55AM
Dow Jones News
By Adria Calatayud
BT Group PLC (BT.A.LN) said Thursday that it anticipates
adjusted Ebitda for fiscal 2019 to be in the upper half of its
guidance range, after posting higher earnings for the first
half.
Adjusted earnings before interest, taxes, depreciation and
amortization--BT's preferred profit measure which strips out
specific items--for the six months to Sept. 30 increased 1.9% to
3.68 billion pounds ($4.68 billion) from GBP3.61 billion a year
before, the British telecommunications company said.
Pretax profit for the half year was GBP1.34 billion, ahead of
analysts expectations of GBP1.25 billion, according to a consensus
estimate provided by the company.
First-half revenue fell 1.7% to GBP11.59 billion from GBP11.79
billion in the year-earlier period, BT said. On an underlying
basis, revenue was down 0.9%, the company said.
For the year ending March 31, 2019, BT said it expects adjusted
Ebitda to be in the higher half of its guidance of between GBP7.3
billion and GBP7.4 billion.
The board cut its interim dividend to 4.62 pence a share from
4.85 pence a year earlier.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
November 01, 2018 03:40 ET (07:40 GMT)
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