Vodafone writes down Spain, Italy operations after weak H1

Tuesday 13 November 2012 | 09:00 CET | News
Vodafone reported a further slowdown in sales in the three months to September and wrote down the value of its operations in Spain and Italy due to the poor market outlook there. Organic service revenue was down 1.4 percent in the fiscal second quarter to September, led by a 11.3 percent drop in southern Europe. North and Central Europe recorded 0.7 percent growth, and the operations in the rest of the world rose 4.1 percent. Total revenues for the fiscal first half declined 7.4 percent from a year earlier to GBP 21.78 billion, while adjusted operating profit improved 2.2 percent to GBP 6.17

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Categories: Mobile & Wireless
Companies: Verizon / Vodafone
Countries: Europe / World
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