Earnings: Vodafone Reports Record Profits; Messaging And Data Revenues Up


image Vodafone (NYSE: VOD) chief Arun Sarin is exiting on a high note. The global telecom firm reported full-year profits of £6.66 billion ($13.2 billion), compared with a loss of £5.43 billion ($10.8 billion) a year earlier. Revenues rose 14.1 percent to £35.3 billion ($69.9 billion), boosted in part by emerging markets. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed to £13.2 billion pounds ($26.11 billion), topping analyst expectations of £13.1 billion ($25.9 billion) according to Reuters. Vodafone forecast group revenue of between £39.8 billion ($78.7 billion) to £40.7 billion ($80.5 billion), with adjusted operating profit of £11 billion ($21.8 billion) and £11.5 billion ($22.7 billion).

Additional Highlights:

— Says it remains

Comments are closed.