BT is suspending all dividends till 2022 because it redirects assets in the direction of community development, a five-year transformation programme, and to make sure minimal disruption from the continued coronavirus disaster.

CEO Philip Jansen stated the corporate’s efficiency through the 2019-20 monetary 12 months had met expectations. Revenues fell by 2 per cent to £22.9 billion, whereas pre-tax earnings had been down barely at £2.Four billion.

Source link