Arab Today, arab today vodafone annual profit slumps on eurozone woes
Last Updated : GMT 21:07:11
Arab Today, arab today
Arab Today, arab today

Vodafone annual profit slumps on eurozone woes

Arab Today, arab today

Arab Today, arab today Vodafone annual profit slumps on eurozone woes

London - AFP

British mobile phone giant Vodafone said on Tuesday that annual net profit plunged 90 percent after it took a vast £7.7-billion ($11.7 billion, 9.1-billion-euro) impairment charge relating to its businesses in debt-laden eurozone nations Italy and Spain. Earnings after taxation nosedived to £673 million in the group's financial year to the end of March, compared with £7.0 billion in 2011-2012, Vodafone said in a results statement.

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