5/7/2020, 8:30 AM (Source: TeleTrader)
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BT net profit £1.37B in Q4

BT Group plc reported on Thursday that its adjusted revenue stood at £22.82 billion, down 2% mainly reflecting the impact of regulation, declines in legacy products, strategic reductions in low margin business and divestments.

EBITDA fell 3% to £7,91 billion while the group’s net profit amounted to £1.37 billion in the fourth quarter of 2019. Net cash inflow from operating activities was £6,271m, up 47%, due to lower pension contributions and one-off cash flows.

The company stated that due to the uncertainty created by Covid-19 it will not provide a financial outlook statement for 2020/21 and has suspended its dividend until 2021/22, one of the biggest on the London stock exchange.

Breaking the News / TF