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Vodafone revenue drops 3.6%

2018-02-01 12:25 pm | Resource: News Section | No Views : 280

Vodafone's revenue drops 3.6%

Vodafone's revenue fell 3.6% in the third quarter of 2018, due to changes in exchange rates and the strength of the euro.
The company's revenue fell to 11.80 billion euros ($ 14.67 billion) from October to December, compared with 12.24 billion euros in the same period in 2016, the company's results showed on Thursday.
Revenue from services reached 10.19 billion euros in the fourth quarter of last year, an increase of 1.1 percent year-on-year.
The company expected net profit before interest, tax and depreciation to rise by 10% in FY10.
 By 10:40 am GMT, Vodafone fell 2% to 220.1 pence.

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