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BT announces rise in profits through increase of broadband users

BT has announced some impressive trading figures, with pre-tax profits for the three months to the end of December standing at £652 million.

This was 48 per cent higher than the same point 12 months ago, although revenue fell by five per cent to £4.77 billion.

Ian Livingston, chief executive of the company, said that it had managed to deliver another quarter of profit growth and cash flow despite the current economic climate.

"Our investment to support our customers and improve our services has resulted in new contract wins around the world, with orders so far this year up over 50% in Asia Pacific and Latin America. In the UK, our fibre roll-out has accelerated bringing super-fast broadband within reach of over 7m homes and businesses," he added.

Mr Livingston also pointed out that the firm remained the number one broadband retailer with over six million customers.

Last year, BT announced that it was going to deliver speeds of up to 300Mbps to some of its subscribers by the end of the spring.ADNFCR-1898-ID-801283701-ADNFCR

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