Business
BT GROUP PLC HALF YEARLY REPORT
BT GROUP PLC HALF YEARLY REPORT.
About this update from Bt Group Plc
[{"type":"text","content":"\n \nRNS Number : 8141R BT Group PLC 31 October 2013 \n \n\n \n \n \n31 October 2013\nBT GROUP PLC\n \nRESULTS FOR THE SECOND QUARTER AND HALF YEAR TO 30 SEPTEMBER 2013\n \nBT Group plc (BT.L) today announced its results for the second quarter and half year to 30 September 2013. \n \n\n\n\n\n \n \n\n\n Second quarter \n to 30 September 2013\n\n\nHalf year \nto 30 September 2013\n\n\n\n\n\n\n\n£m\n\n\nChange1\n\n\n£m\n\n\nChange1\n\n\n\n\nRevenue2\n\n\n4,491\n\n\n0%\n\n\n8,940\n\n\n(1)%\n\n\n\n\nUnderlying revenue excluding transit\n\n\n\n\n\n(0.5)%\n\n\n\n\n\n(0.8)%\n\n\n\n\nEBITDA2 \n\n\n1,434\n\n\n(4)%\n\n\n2,874\n\n\n(2)%\n\n\n\n\nProfit before tax - adjusted2 \n\n\n609\n\n\n2%\n\n\n1,204\n\n\n3%\n\n\n\n\n - reported \n\n\n499\n\n\n(10)%\n\n\n948\n\n\n(13)%\n\n\n\n\nEarnings per share - adjusted2\n\n\n6.0p\n\n\n2%\n\n\n11.9p\n\n\n3%\n\n\n\n\n - reported\n\n\n7.8p\n\n\n16%\n\n\n12.2p\n\n\n1%\n\n\n\n\nInterim dividend\n\n\n\n\n\n\n\n\n3.4p\n\n\n13%\n\n\n\n\nNormalised free cash flow3\n\n\n610\n\n\n£294m\n\n\n550\n\n\n£358m\n\n\n\n\nNet debt\n\n\n\n\n\n\n\n\n8,074\n\n\n£(963)m\n\n\n\n\n \nGavin Patterson, Chief Executive Officer, commenting on the results, said:\n \n\"These are good results, with growth in earnings per share and free cash flow. \n \n\"This has been our strongest ever quarter for fibre take-up with Openreach net connections up 70%. Our fibre network now passes more than 17 million premises. It is open to all and many other service providers have now got behind it. \n \n\"BT Sport has made a confident start and is already delivering for viewers. More than two million of our customers are signed up to it and our wholesale contract with Virgin Media means it is available to around four million homes in total. It is also delivering for the busine...