Internet service provider BT Group Plc (BT,BT_A.L) reported that its fourth-quarter profit decreased to 591 million pounds from 631 million pounds in the same quarter last year. Earnings per share for the quarter slip to 7.2 pence, from last year's 7.7 pence in the prior year quarter.
Adjusted Earnings per share was 7.9 pence, compared to 6.4 pence in the year ago quarter.
Profit before tax was 687 million pounds, down from 724 million pounds last year.
Revenue for the quarter declined to 4.78 billion pounds from 4.87 billion pounds in the year ago quarter.
The company said its board is proposing a final dividend of 6.5 pence, up 14%, giving a full year dividend of 9.5 pence, up 14% (2011/12: 12%). Subject to shareholder approval, this will be paid on 2 September 2013 to shareholders on the register at 9 August 2013. The ex-dividend date is 7 August 2013.
The company said it continues to expect an improved trend in underlying revenue excluding transit in 2013/14 compared with 2012/13.
The company expect adjusted EBITDA to be 6.0 billion pounds -6.1 billion pounds in 2013/14.
The company continues to expect to increase the dividend per share by 10%-15% per year for the next two years.
The company anticipates capital expenditure in 2013/14 and 2014/15 to be broadly level with 2012/13. The company said it will continue to invest extensively in fibre broadband while benefiting from efficiency savings in other areas due to its cost transformation activities, including our restructuring programme.
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