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Vodafone's core profit falls 4.1%

  • Vodafone's (VOD) H1 EBITDA dropped 4.1% to £6.6B but topped consensus of £6.4B.
  • Revenue +1.2% to £22.03B; on organic basis, revenue -3.2%.
  • Pretax profit £1.51B.
  • Takes £3B tax charge on $130B sale of its stake in Verizon Wireless.
  • Confirms full-year guidance for adjusted operating profit of £5B, free cash flow of £4.5–5B.
  • Vodafone intends to invest £7B ($11.18B) by March 2016 as part of its "Project Spring" to improve its network as it looks to cater to consumers who want to access the Internet with smartphones and tablets.
  • Declares interim dividend of 3.53 pence a share, up 8%; intends to pay full-year dividend of 11 pence. (PR)
Comments (2)
  • What is "pence"? Shouldn't have to be asking this ! Of course I could have researched it, but, in my experienced and humble opinion should not have to ............. in a well presented press release.
    12 Nov 2013, 07:49 PM Reply Like
  • 3.53 pence is 6 cents in USD
    14 Nov 2013, 08:10 AM Reply Like
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