Earnings: Vodafone H1 Revenue Up 9 Percent Year-On-Year, Data Rev Up 40.8 Percent

Vodafone (NYSE: VOD) has announced its half-yearly earnings ending September 30th, with group revenue growing 9 percent year-on-year to 17.0 billion pounds (US$5.2 million), and organic growth coming in at 4 percent. The groups data revenue was up 48.8 percent year-on-year to 1 billion pounds (US$2.1 billion) and adjusted operating profit increased 1.6 percent to 5.2 billion pounds (US$10.79 billion), with organic growth of 6.1 percent. Vodafone claimed a proportionate customer base of 241 million at the end of September. Most of the growth was outside of Europe, which saw overall revenue increase 2 percent and data revenue increase 40.8 percent on an organic basis, largely due to the number of 3G handsets nearly doubling over the year to 19.7 million. Data revenue was 7 percent of total revenue (data doesn’t include messaging though). The EMAPA region (Eastern Europe, Middle East, Asia, Pacific, Africa) saw revenue growth of 39.9 percent due to acquisitions in India and Turkey… Organic growth was 16 percent. Data revenue for EMAPA was 3.2 percent of total revenue, or 127 million pounds (US$263 million). This represented an increase in data revenue of 227 percent.

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