annual resultsRSS

Vodafone profits receive smartphone boost

Vodafone has reported increased revenues from its mobile data business

Vodafone’s annual profits received a smartphone boost despite an overall fall in net profits of 7.8 per cent. Despite a £6bn+ impairment charge on operations in its European “PIIGS” markets (Portugal, Ireland, Italy, Greece, Spain), a 26.4 per cent boost in mobile data revenue made a significant contribution to its overall profit of £9.5bn for the year.