Vodafone Reports Drop in 1Q Revenue, Reiterates Fiscal Year Outlook
21 July 2017 - 4:53PM
Dow Jones News
By Tapan Panchal
LONDON--Vodafone Group PLC (VOD.LN) Friday reiterated its
earnings outlook for the full year, as it reported a 3.3% drop in
quarterly revenue.
The mobile phone operator recorded revenue of 11.47 billion
euros ($13.27 billion) for the quarter ended June 30, down from
EUR11.87 billion in the same period a year earlier. The drop in
first-quarter revenue reflected the negative impact of
foreign-exchange rate movements and de-consolidation of Vodafone
Netherlands.
Service revenue for the period fell 4.6% to EUR10.28 billion. On
an organic basis, service revenue increased 2.2%.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
July 21, 2017 02:38 ET (06:38 GMT)
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