BTs Financial Results & ADSL Stats
Posted: 22nd May, 2003 By: MarkJ
As expected, BT has issued its latest preliminary (Year to 31st March 2003) results, which show a significant boost in broadband ADSL uptake. It's unclear whether BT managed to achieve 1,000,000 ADSL lines in time:
FULL YEAR HIGHLIGHTS
* Earnings per share* of 14.2 pence, up 61 per cent
* Profit before taxation* of £1,829 million, up 44 per cent
* Group turnover* of £18,727 million, up 2 per cent
* Full year dividend of 6.5 pence per share, up from 2.0 pence per share
* Free cash flow** of £1.7 billion
* Net debt reduced from £13.7 billion to £9.6 billion
* Significant improvements in customer satisfaction
BT Retail's BT Broadband product continues to perform strongly with weekly sales orders now exceeding 5,000. Total connections in the fourth quarter were 41,000 and the total number of connections since launch in September 2002 were 171,000 at May 16, 2003. BT Openworld broadband and BT Broadband connections at May 16, 2003 total 490,000, representing 52 per cent of BT Wholesale's 936,000 ADSL connections.
FULL YEAR HIGHLIGHTS
* Earnings per share* of 14.2 pence, up 61 per cent
* Profit before taxation* of £1,829 million, up 44 per cent
* Group turnover* of £18,727 million, up 2 per cent
* Full year dividend of 6.5 pence per share, up from 2.0 pence per share
* Free cash flow** of £1.7 billion
* Net debt reduced from £13.7 billion to £9.6 billion
* Significant improvements in customer satisfaction
BT Retail's BT Broadband product continues to perform strongly with weekly sales orders now exceeding 5,000. Total connections in the fourth quarter were 41,000 and the total number of connections since launch in September 2002 were 171,000 at May 16, 2003. BT Openworld broadband and BT Broadband connections at May 16, 2003 total 490,000, representing 52 per cent of BT Wholesale's 936,000 ADSL connections.
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