BT reports fall in profit but increases outlook BT CEO Philip jansen

BT has promised investors there is light at the end of the tunnel after the effects of coronavirus saw profits shrink by a fifth to £1.1 billion during the first half of the year.

The company said overall revenues remained “relatively resilient” despite an 8% drop to £10.6 billion for the six-month period but there were issues caused by economic conditions and the effects of lockdown measures.