BT.A Bt Group Plc

LONDON--BT Group PLC (BT.A.LN) on Thursday posted a rise in second-quarter profit as revenue jumped following the integration of its consumer mobile business.

The U.K.-based telecommunications group's net profit in its second quarter ended Sept. 30 rose to 566 million pounds ($692 million) from GBP525 million in the same period a year earlier, slightly below a market consensus forecast of GBP567 million.

BT's closely-watched earnings before interest, taxes, depreciation and amortization on an adjusted basis rose 31% year-over-year to GBP1.89 billion.

Revenue in the second quarter on an adjusted basis jumped 38% to GBP6.05 billion, higher than a consensus market forecast of GBP5.92 billion.

"Our consumer facing lines of business have performed well," said Chief Executive Gavin Patterson.

The group recommended an interim dividend of 4.85 pence, up 10%.

BT said it remains on track to deliver on its full-year outlook. It expects adjusted Ebitda to total around GBP7.9 billion.

BT shares closed Wednesday at 388 pence, valuing the company at GBP38.6 billion.

 
--Write to Simon Zekaria at simon.zekaria@wsj.com 
 

(END) Dow Jones Newswires

October 27, 2016 02:37 ET (06:37 GMT)

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