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Vodafone turns to net profit

Christian Fernsby |
Vodafone Group Monday reported that its profit was 1.56 billion euros, compared to last year's loss of 1.89 billion euros.

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Topics: VODAFONE   

Operating profit surged to 3.47 billion euros from prior year's 577 million euros.

Adjusted EBITDA was 7.02 billion euros, down 1.9 percent from 7.11 billion euros, despite good cost control.

Group revenue dropped 2.3 percent to 21.43 billion euros from last year's 21.94 billion euros.

In the second quarter, revenue declined to 10.92 billion euros from 11.29 billion euros a year ago.

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