British telecoms group BT has reported a 3% increase in first-quarter core earnings in line with expectations. Revenue was up 3% to just over £5 billion.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) were £1.43 billion for the three months to June 30. Pre-tax profits were also up 3% to £658m.
BT's 'new wave' revenues from broadband and corporate networked IT services rose 11% to £1.82 billion. It said its retail division accounted for 38% of total UK broadband additions during the quarter, compared with 32% in the last quarter and 30% a year ago.
