BT says Q1 profit up 33 percent | business | Hindustan Times
Today in New Delhi, India
Dec 09, 2016-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

BT says Q1 profit up 33 percent

business Updated: Jul 29, 2010 13:17 IST

AP
Highlight Story

Communications company BT Group PLC says that its first quarter profit rose by 33% as cost cuts helped offet a 4% drop in revenue.

The company said on Thursday that its net profit was 284 million pounds ($444 million) in the three months ending on June 30, compared to 214 million pounds a year earlier.

BT said it had trimmed operating costs by 6%. Labor expenses were reduced by 8% with leaver costs running at 10 million pounds.