Thursday , November 26 2020

Vodafone suffered an operating loss in the first half of this year / News / Finance.ua



British mobile operator Vodafone Group Plc posted an operating loss of 2.07 billion euros in the first half, compared with 2.01 billion euros in the same period last year.

As stated in the press release of the company, the loss was caused by one-time factors associated with the sale of the Indian division.

See also: Vodafone increased earnings in Ukraine, but lost subscribers

adjusted EBITDA In July-September, Vodafone rose 2.9% to € 7.08 billion. The pre-tax loss was 2.89 billion euros.

Revenue in the last half of the year fell by 5.5 percent to 21.8 billion euros. Meanwhile, service revenues rose 0.8%.

Vodafone's management decided to maintain an interim dividend of 4.84 euros per share and annual dividends of 15.07 euros per share due to debt reduction measures. In the long run, the company plans to increase dividends.

In addition, the company plans to reduce its operating expenses by 1.2 billion euros by fiscal year 2021.


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