StockMarketWire.com - BT Group reported Thursday said full-year earnings were expected toward the upper range of guidance after profits jumped by nearly a quarter in the first half of the year driven by growth in its consumer division.

The company said it expected earnings (EBITDA) to be in the upper half of its £7.3bn to £7.4bn range.

For the six months to 30 September, profit before tax rose 24% to £1.34bn and revenue fell 2% to £11.59bn.

BT's consumer segment saw adjusted revenues rose 3% to £5.27bn offsetting weakness in both its global services and business and public sector divisions, which saw revenues decline 7% and 4%, respectfully.

The company proposed an interim dividend 4.62p per share.

'We continued to generate positive momentum in the second quarter resulting in encouraging results for the half year. We are successfully delivering against the core pillars of our strategy with improved customer experience metrics, accelerating ultrafast deployment and positive progress towards transforming our operating model,' said Gavin Patterson, Chief Executive.

'In Consumer, we continue to see strong sales of our converged product, BT Plus, and have seen good mobile sales following new handset launches. Last month EE demonstrated 5G capability from a live site in Canary Wharf. We have maintained momentum in our enterprise businesses despite legacy product declines.'



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