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| Total operating loss for
the 2001 financial year was £336 million, including BT’s share of the operating
results of its ventures. This was a decrease of £3,534 million compared with
the operating profit in the 2000 financial year and was principally due to the
£3,200 million goodwill impairment charges. The profit for the 2000 financial
year had decreased by £276 million over the 1999 financial year. Before
goodwill amortisation and exceptional items, total operating profit for the
2001 financial year was 2.0% lower than that in the previous financial year,
which was 2.2% lower than the result for the 1999 financial year. The decline
in the underlying total operating profit in the 2001 and 2000 financial years
were due to the factors explained above. |
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