BT has posted a 1.4 per cent increase in its second quarter results, but is bracing itself for its #500 million windfall tax levy, the first instalment of which is expected in December.
Pre-tax profits rose to #881 million on turnover of #3.8 billion. Earnings per share increased by 4.1 per cent to 9.4 pence.
Demand for private circuits for Internet and Intranets represented the biggest growth at 9.8 per cent.
MCI, however, fared less well in its second quarter. Net income slid by 6.7 per cent to $470 million, on turnover of $4.8 billion. Earlier this month, MCI warned that its profits would be hit by difficulties tackling its local market. This led BT to review the situation.
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