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Why is the Honda FireBlade better than the Superbikes in every way. What is the Honda CBR900RR.Image caption While there was a 10% drop in the number of people holding broadband contracts, BT's profit still surged
BT has posted a sharp increase in profits for the year to the end of September.
The group said it earned £1.3bn for the year to the end of September, a rise of 10% on the previous year.
While overall profits rose, the group said it was hit by higher costs in the UK, lower revenues in the Republic of Ireland, and a decline in the value of its stake in Brazil's BT Brasil.
BT said it would continue to offer more cheap broadband deals.
The group said that while the number of people with broadband contracts fell by 10%, the group still saw overall growth in the market, and its continued investment in upgrading the broadband networks was paying dividends.
BT said its business in the UK grew by 3%, its business in the Republic of Ireland grew by 1.3%, and its business in Brazil grew by 3.7%.
It said that over the year, it boosted its investment in the developing markets of Brazil and the Republic of Ireland.
BT UK currently has a contract to provide internet connections to the 18 million homes and businesses in the UK, with the expectation that this number will grow to about 20 million by 2010.
In total, BT said it had 4 million broadband connections, up from 3.4 million last year, and more than the 2.9 million it was aiming for.
The company said the rise in broadband connections came from new customers and upgrades to existing customers.
It said broadband connections would reach more than 50 million homes by the end of the decade.
Analysis Despite the strong results, BT may have just made a mistake by announcing an offer of cheap broadband deals at a time when there 0b46394aab