BT Group Q4 Profit Rises

posted an increase in its net profit for the quarter ended March 31. BT Group's quarterly net profit surged to GBP690 million ($1.05 billion), versus a year-ago profit of GBP566 million. Its adjusted pretax profit climbed to 1.03 billion pounds versus 901 million pounds, while adjusted EPS rose to 9.9 pence from 8.6 pence. Its revenue slipped to 4.71 billion pounds in the latest quarter from 4.75 billion pounds, while adjusted revenue declined to 4.64 billion pounds versus 4.75 billion pounds. Adjusted earnings before interest, taxes, depreciation and amortization climbed 7 percent to GBP1.82 billion. For the fiscal-year, the company's adjusted earnings before interest, taxes, depreciation and amortization rose 3 percent to GBP6.27 billion. BT Group's board recommended a dividend of 12.4 pence for the full year. BT Group shares fell 0.65 percent to $68.85 in pre-market trading.