BT Group has announced a 28% dip in full year profits. Pre-tax profits fell to £1.27 billion from £1.76 billion. Turnover was £18.4 billion, up 8% from £17.14 billion. The company has resumed its dividend payment with a final award of 2p per share.
Chairman Sir Christopher Bland said: It has not been an easy year but we have taken the hard decisions early and are now in a position of relative strength.