Business News

BT Ireland reports increase in revenue and profits

By Business & Finance
30 October 2014
Colm O'Neill

BT Group plc today announced its results for the second quarter and half year to September 30th 2014, which include a strong performance from the company’s Irish business.

Revenue for BT Ireland is up 1% year on year, primarily as a result of increased revenue from major customers, both multinational and wholesale and the continued uptake of fibre broadband across Northern Ireland. Profits are also up for the quarter according to the Group.

Speaking of the results, Colm O’Neill, CEO of BT Ireland said: “Our all-island BT Ireland performance for the quarter is strong, with underlying top and bottom line growth.

“Overall, we’re satisfied with our performance and are well positioned as we move into the second half of our fiscal year. In the coming months, we will continue to position ourselves as the partner of choice for the multinational enterprise sector, leading the way for quality and value in this space, and will continue to support our wholesale customers as they build their networks to meet demand for 4G and next generation access.”