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)

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Comments (2)
  • horseman
    , contributor
    Comments (228) | Send Message
     
    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
  • privacy1015
    , contributor
    Comments (37) | Send Message
     
    3.53 pence is 6 cents in USD
    14 Nov 2013, 08:10 AM Reply Like
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