BT have posted greater than expected end of year profits, ending 31st March, with a yearly profit of £2.5 billion.

Despite a fall in sales in the fourth quarter and the expectations of a slowdown in profit from the impact of an on-going improvement programme and pension deficit, BT has been able to offer shareholders a full year share dividend increase of 14 percent.

In 2013 BT has moved forward with its superfast broadband distribution programme, successfully winning the majority of broadband contracts as part of the broadband Delivery UK (BDUK) procurement processes.

The telecoms giant has also moved to competitively compete against Sky, including the offering of new television premiership football packages.

Ian Livingston, BT chief executive, said: "we are investing in our future and delivering growth in profits and dividends.”

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