By Tapan Panchal

 

LONDON--BT Group PLC (BT.A.LN) on Thursday reported a 13% rise in first-quarter pretax profit and said that it remains on track to deliver on its full-year outlook.

For the three months ended June 30, the telecommunications company recorded a pretax profit of 717 million pounds ($941.23 million), up from GBP632 million recorded in the year-ago period, on reported revenue of GBP5.78 billion and GBP4.36 billion, respectively

Adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, for the quarter totaled GBP1.82 billion, versus GBP1.45 billion.

BT said it continues to anticipate growth in fiscal 2017 underlying revenue and adjusted Ebitda to total around GBP7.9 billion. It also forecast at least 10% growth in dividend and a share buyback worth GBP200 million.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

(END) Dow Jones Newswires

July 28, 2016 03:02 ET (07:02 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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