BT Group Q1 Pre-tax Profit Up 13% - Quick Facts

(RTTNews) - BT Group plc (BT_A.L, BT) reported that its first-quarter pretax profit was 717 million pounds, up 13 percent from 632 million pounds in the previous-year quarter. However, earnings per share declined to 5.9 pence from 6.1 pence last year.

Adjusted pretax profit increased to 802 million pounds from 694 million pounds in the same period last year. Adjusted earnings per share were 6.6 pence, compared to 6.7 pence a year ago.

Reported revenue for the quarter rose 32 percent to 5.78 billion pounds from 4.36 billion last year. Adjusted revenues grew 35 percent to 5.78 billion pounds.

Gavin Patterson, Chief Executive of BT Group, said, "We've made a good start to the year, with growth in revenue and strong cash flow. We're on track to deliver our full year outlook."