BT dials up dividend and predicts rising profits
BT has promised 'sustained' revenue growth from next year and an even stronger rise in profits, as it continues to slash costs in an effort to turn around the 179-year-old telecommunications group.
The FTSE 100 company said adjusted revenue for the current financial year would be flat at £20 billion before returning to growth.
It also guided towards adjusted earnings of between £8.2 billion and £8.3 billion, before growing ahead of the top line from next year, and reiterated a target to produce normalised free cashflow of £3 billion by the end of the decade.
Revenue at the former phone monopoly declined 2 per cent last year to £20.4 billion, at the bottom end of guidance, weighed down by weaker handset sales and a poorer
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