BT Group Plc, Britain's largest fixed-line telecoms operator, beat some expectations with its best quarter of revenue growth for three years, but concerns about lower core earnings helped weigh on the stock.
First-quarter profit before tax and exceptional items jumped 20 percent to 511 million pounds ($889 million) on 5 percent higher revenues of 4.78 billion, boosted by a 48 percent rise in "new wave" revenues - network, broadband and mobile services - acquisitions and a lower-than-expected interest charge.
"This has been a great first quarter and builds on the momentum we have seen gathering for more than a year," Chief Executive Ben Verwaayen said on Thursday.
But core earnings before interest, tax, depreciation and amortisation (EBITDA) slipped 2 percent to 1.36 billion pounds in the quarter to the end of June and some analysts questioned company insistence that trends were improving.
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