BT unveils new structure and 24% jump in pre-tax profits

BT Announced a "Standout Quarter" in the three months to the end of December and a restructuring of its business following its recent acquisition of EE.

 

It saw a 24% rise in pre-tax profits to £862m.

Revenue rose 3% to £4.59bn, up 4.7%, which it said was its best result for more than seven years.

The results and restructuring come three days after BT acquired EE.

NNPC Monthly Financial records N378bn loss in 8 months- Report

The Nigerian National Petroleum Corporation, NNPC, has announced a loss of N378.49 billion in its operations for the first eight months of the year.

 

One of NNPC’s subsidiaries, the Products and Pipeline Marketing Company Limited, PPMC, accounted for majority of the losses, as it spent over N300 billion on subsidy and in the repairs and management of its pipelines between January and August.