BT Group Fiscal Year Pretax Profit Rises - Quick Facts

(RTTNews) - BT Group plc (BT_A.L, BT) reported pretax profit of 3.03 billion pounds for the year to 31 March 2016 compared to 2.64 billion pounds, a year ago. Earnings per share was 29.9 pence compared to 26.5 pence. Adjusted pretax profit increased 9% to 3.47 billion pounds. Adjusted earnings per share was 33.2 pence, an increase of 5% over prior year. Adjusted EBITDA was 6.58 billion pounds, up 5%, including 261 million pounds from EE.

Adjusted revenue was 18.91 billion pounds, an increase of 6% from last year. Change in underlying revenue excluding transit was growth of 2 percent.

The Group expects EBITDA of approximately 7.9 billion pounds for 2016/17 fiscal year.

The Group said its Openreach and EE businesses will between them spend around six billion pounds in capital expenditure over the next three years in the first phase of a plan to extend superfast broadband and 4G coverage beyond 95 percent of the country by 2020. Ultrafast broadband will be deployed to a minimum of ten million homes and businesses in the same period, with an ambition to reach twelve million. There will be an increased focus on Fibre to the Premises technology within this plan.