Vodafone Group Swings to 1st Half Profit
16 Noviembre 2020 - 1:46AM
Noticias Dow Jones
By Adria Calatayud
Vodafone Group PLC said Monday that it swung to a pretax profit
for the first half of fiscal 2021 and its results underline
increased confidence in its full-year outlook.
The U.K. telecommunications company made a pretax profit for the
six months to Sept. 30 of 2.05 billion euros ($2.42 billion)
compared with a loss of EUR511 million for the same period last
year. The company's year-earlier performance was hit by losses
recognized relating to Vodafone Idea Ltd.
Adjusted earnings before interest, taxes, depreciation and
amortization --one of the company's preferred metrics, which strips
out exceptional and other one-off items-- were EUR7.02 billion,
down 1.9% on year.
Second-quarter service revenue --a closely-watched metric that
tracks sales generated from telecom services-- was down 0.4% due to
the coronavirus pandemic, following a 1.3% drop in the previous
quarter.
Revenue for the first half as a whole was EUR21.43 billion
compared with EUR21.94 billion a year before.
Vodafone said full-year adjusted Ebitda is expected to be
between EUR14.4 billion and EUR14.6 billion.
The board declared an interim dividend of 4.50 euro cents a
share, in line with that of the prior year.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
November 16, 2020 02:31 ET (07:31 GMT)
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