BT Group Reports Strong Rise In FQ4 Net Profit

BT Group PLC BT released its results for the fiscal fourth quarter on Thursday. The group's net profit surged to 472 million pounds ($771 million), from 208 million pounds, in the year-earlier period. The company's total revenue fell 5.6% to 5.06 billion pounds. The group's EBITDA increased 3% to 1.55 billion pounds, versus the expectations of 1.51 billion pound. The group projects adjusted EBITDA to rise in 2012. It also expects 2013 adjusted EBITDA to be above 6 billion pounds. BT shares fell 0.63% to close at $33.03 yesterday. Read more from Benzinga's Company news.