BT Group
 
 
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Basic loss per share, based on the loss for the 2001 financial year of £1,810 million, were 27.7 pence. Earnings per share for the 2000 and 1999 financial years were 31.7 pence and 46.3 pence, respectively. Earnings before goodwill amortisation and exceptional items were 20.5 pence per share for the 2001 financial year, in comparison with 34.2 pence for the 2000 financial year and 35.0 pence for the 1999 financial year. Diluted earnings per share are not materially different.

The dividend for the 2001 financial year of 8.7 pence per share comprised the interim dividend paid in February 2001 which absorbed £571 million. As part of BT’s debt reduction and restructuring plans, the Board has decided that there will be no final dividend in respect of the 2001 financial year and that there will be no interim dividend declared for the 2002 financial year. Future dividend policy will be decided by the individual listed companies, taking into account their respective capital structure, cash requirements and the markets in which they operate. The board expects that Future BT will recommence a final dividend in respect of the 2002 financial year.

BT paid or recommended dividends of 21.9 pence per share for the 2000 financial year and dividends of 20.4 pence per share in respect of the 1999 financial year.
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