BT Ireland profits up 11% as cost base ‘transformed’

BT Ireland profits increased 11% in the year to the end of March. The company said there was major investment in fibre network.

Revenue fell by 3% in the year to £749.8 million (€859m). It said this excludes the impact of foreign exchange and transit revenue reductions, “as a result of the challenging economic climate”.

The company said profits were up due to cost transformation programmes and the “successful delivery of large retail and wholesale contracts”.