29/07/2010

Pre-tax profits at BT have risen by 17 per cent in the first quarter of its trading year, the company's latest results have shown.

The telecoms giant announced revenues of £5 billion for the three months ending on June 30th.

However, this is a decline of four per cent when compared with the same quarter in 2009.

According to BT, its predictions for the 2010-2011 trading year remain unchanged.

It added that its fibre roll-out has hit a key phase and is now reaching some 1.5 homes and businesses in the country.

BT chief executive Ian Livingstone said: 'We have made an acceptable start to the year, delivering improved financial results while investing in the future of the business.'

He added: 'We hit the first major milestone in our fibre roll-out, passing over 1.5 million premises, and we are now running at an average rate of around 100,000 premises passed every week.'