BT Group dials up profits dip

BT Group, the British telecoms and television broadcasting group, posted a dip in profits Thursday on falling revenues at its unit providing services to businesses. Pre-tax profits edged down one percent in BT's second quarter to £666 million ($882 million, 758 million euros), BT said in an earnings statement.
Revenue fell also by one percent to £5.9 billion ($7.9 billion, 6.8 billion euros) in the three months to the end of September compared with its second quarter in 2016. Global Services was BT's worse performing operation in the reporting period with a ten-percent drop in revenues. The division is part of BT's group-wide restructuring programme, which cost the company £52 million overall in the second quarter.