BT Ireland posts 21% rise in H1 profits

13 Nov 2009

Irish alternative operator BT Ireland says its underlying profits climbed steadily in the six months 30 September 2009, despite a drop in revenues. The unit reported that EBITDA increased 21% year-on-year as a result of improvements in managing its costs, but that revenues fell 3% year-on-year to GBP397.8 million (USD240.1 million). On a more positive note, BT Ireland reported an improving trend in terms of revenues for the three months from July to September. Earlier this year, BT Ireland struck a deal to transfer its fixed line residential and SME customers, as well as its voice telephone customers, to Vodafone Ireland. At the time it said the move would allow it to concentrate on providing networked IT services to bigger companies and the public sector in the Republic.

Ireland, BT Ireland