Home BT earnings hit by Italian charge, underlying sales up 1.1%
 

Keywords :   


BT earnings hit by Italian charge, underlying sales up 1.1%

2016-10-27 10:55:00| Telecompaper Headlines

(Telecompaper) BT said it booked a GBP 145 million non-cash writedown in its fiscal second quarter to September following an internal probe into "inappropriate management behaviour" in its BT Italia operations. The announcement came as the group posted a 35 percent increase in reported revenue in the period to GBP 6.007 billion, thanks mainly to the EE acqusition. On a pro forma basis and excluding transit revenues, sales were up 1.1 percent year-on-year, led by growth in the consumer division.

Tags: up sales hit charge

Category:Telecommunications

Latest from this category

All news

»
27.11Washington Corner | November 2024
27.11
27.11MTG 4
27.1119
27.11
27.11Y-3
27.11
27.1125th PSA10
More »