BT Profits Up 20% Thanks to Broadband
Profit rise of 20% put down to broadband customers
19th May 2005
British Telecom (BT) have announced a 20% rise in pre-tax profits, up to £2.3bn from £1.9bn the previous year.
Although its traditional landline business continues to decline, this was more than compensated for by a doubling of broadband customers over the year.
While turnover for the company as a whole rose by 1%, the turnover of its 'new wave' division which includes broadband supply rose by 32%.
Read More: BBC News
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