Pre-tax profits at BT's main Irish arm last year declined by 4% to €42.7m.
New accounts show that profits reduced at BT Communications Ireland Ltd (BTCIL) as revenues dipped by 2% from €343.5m to €338.3m
The company paid out a dividend of €30m which followed a dividend payout of €40m in the prior year.
The directors for BTCIL state that in the year under review, revenue decreased by 2% "primarily due to lower data centre and wholesale line revenues".
They state that this was partially offset by increases on broadband and sales of equipment for resale to major multinational customers.
The directors state that operating profit decreased by 5% to €42.2m "due to increased labour costs and flowthrough impact of lower revenue".
They state that the company "continued to attract and retain business with multi-national corporations, major indigenous organisations and other local telecoms operators and has expanded the range of products and services being provided".
They state that in the coming year, the company "will continue to focus its strategy on investing in new areas of growth and transforming its cost base".
The accounts were signed off on December 20th and contain no reference to the recent €22m sale of large parts of BTCIL’s business to UK-owned Speed Fibre Group, which owns Enet and Magnet+.
Earlier this month, BT announced the sale of BTCIL, which includes BT’s domestic network infrastructure, over 400 customers and associated teams supporting wholesale and business enterprises.
However, the sale did not include BTCIL’s customer base of multinationals, large Irish organisations, the Emergency Call Answering Service, associated employees, and the recently divested data centre business and those units will be renamed BT Business Telecoms Ireland.
Managing director of BT Ireland, Shay Walsh said at the time: "This new chapter will see BT focusing on multinationals and large organisations in Ireland, with Speed Fibre Group as its wholesale network and national services partner."
The profits at BTCIL for last year take account of combined non-cash depreciation and amortisation costs of €25.8m and administration expenses of €30.46m.
Numbers employed decreased from 649 to 631 and staff costs reduced from €52.88m to €52.42m. The €52.42m staff costs bill includes €688,000 in shared based payments.
The company recorded a post tax profit of €42.14m after incurring a corporation tax charge of €569,000.
Accumulated profits at BTCIL totalled €111.2m.
Reporting by Gordon Deegan
