BT GROUP PLC HALF YEARLY REPORT
Financial highlights for the second quarter:
· Key revenue measure5 down 0.5% compared with a 5.5% decline in the prior year
· EBITDA decline reflects the expected BT Sport investment
· Efficiencies from cost transformation programmes running at a faster pace than in the first quarter
· Profit before tax2 and earnings per share2 up 2%
· Interim dividend up 13% to 3.4p
· Outlook reaffirmed
1 Results for the second quarter and half year to 30 September 2012 have been restated, see Note 1 to the condensed consolidated financial statements
2 Before specific items
3 Before specific items, purchases of telecommunications licences, pension deficit payments and the cash tax benefit of pension deficit payments
4 DSL and fibre, excluding cable
5 Underlying revenue excluding transit