BT Group Q3 Net Profit Surges 41%

BT Group PLC

reported a 41% rise in its third-quarter net profit. BT posted a quarterly net profit at GBP491 million, up from GBP347 million, in the year-ago period. Its revenue dropped 5% to GBP4.77 billion from GBP5.04. However, analysts were expecting a quarterly net profit of GBP477 million. BT Group's adjusted earnings before interest, tax, depreciation and amortization as well as exceptional items climbed 3% to GBP1.52 billion, versus GBP1.48 billion, versus analysts' expectations of GBP1.502 billion. BT Group shares gained 3.25% to $33.70 in pre-market trading.