Bookmark this page

BT Announce Pre-Tax Profits Despite Fewer Landline Customers

Tue 16 Nov, 2010 // Firstnumber Team

British Telecom has announced massive pre-tax profits, despite a drop in the number of people signing up to its landline service.

In the run up to the end of the second tax quarter, BT revealed profits of £406m; an increase of nearly 48% on last year.

While BT experienced notable growth in areas like broadband and BT Vision TV service, the telecoms giant recorded a dip of 3% in the number of people signed up to a BT landline.

BT sees rise in broadband sales

The fall in landline users has been attributed to an increasingly competitive marketplace as well as a move away from the home telephone in favour of mobile phones.

Record pre-tax profits means BT is now expected to re-assess their yearly profits of around £5.8 billion; a bounce back from the two profit warnings BT received from earlier this year.

Chief executive Ian Livingston explained the boost in profits:

“We have made significant progress in improving the profitability and cash flow, enabling us to invest in building the foundations for revenue rowth in 2012/13.

“Our fibre roll out has passed three million premises and BT Infinity orders are now running at over 4,000 per week.”

Search Firstnumber
Stay up to Date
Latest From The Blog

    Students Increasingly ‘Addicted’ to Their Mobile Phones, Warns Study

    A recent study carried out by researchers from Baylor University found that female college students spent upwards of ten hours a day on their phones. The study also showed that 60% of students admitting to being addicted to the technology. "As cell phone functions increase, addictions to this seemingly indispensable ...

User Testimonials
Firstnumber lets me make cheaper calls to my good friends in Australia.
Firstnumber is very clear and it's easy to find the country you're looking for.
The prices are very, very good. Thank you firstnumber!
Firstnumber is straightforward and easy to use.
Firstnumber halves my phone bill every month.
I love firstnumber! I used the service to call friends in Thailand.
I couldn't believe that all those hours of firstnumber call time still cost under £10!