One-off costs see BT profit fall 36% to €28m

One-off costs contributed to pre-tax profits at the main Irish arm of communications giant, BT last year declining by 36% to €28.1m.

New figures lodged with the Companies Office show that BT Communications Ireland Ltd recorded the drop in profits in spite of revenues increasing from €425.7m to €438.2m in the 12 months to the end of March last.

According to the directors report, the firm’s profits were hit during the year from one-off costs including a lease exit charge and accelerated depreciation relating to the retirement of legacy platforms.