BT Ireland has revealed results of its all-island operation for the year ending 31 March 2014. Revenue of £661.6 million (€807 million) was up 2% year-on-year excluding transit revenue and the impact of foreign exchange movements.
Earnings before tax was down 5% year-on-year on foot of once-off costs associated with the provision of new managed services contracts and business restructuring.
Colm O’Neill, chief executive, BT Ireland (pictured), said: “Our full-year results reflect our continued growth in the Irish market as we added new customers, including a number of global multi-national corporations and large indigenous exporters. We successfully delivered several large projects, while in Northern Ireland, the rollout of our world class fibre network has supported revenue growth as consumer demand for fibre broadband increases. In turn, we continued to manage our costs carefully and invested in our core network to enhance our service and better support our customers.
“Our significant local presence combined with the BT global networking capability means we are very well placed to meet the requirements of global MNC’s and indigenous exporting companies in Ireland. This capability delivered well for us throughout the year and continues to form a major part of our growth strategy for the business.”
BT’s network investment within the year included deploying the first commercial 100Gb core network in the Republic of Ireland. In Northern Ireland, the company invested in the rollout of its fibre network as it undertakes a major new rural broadband improvement project on behalf of the Department of Enterprise, Trade & Investment.
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