BT Ireland sees revenues rise by 2%

Revenues grew by 2% at BT Ireland last year, as the communications services provider further boosted its customer base on the back of increasing demand for fibre broadband.

The business, which in recent years has largely withdrawn from the consumer market and become a corporate sector provider, generated revenues of £661.6m (€804m) over the 12 months to the end of March; up 2% on the previous year when foreign exchange movements are excluded.

Although a 5% drop in profits was noted, this decline was attributed to once-off costs associated with the provision of new managed services contracts and restructuring costs.