Top News | May 21, 2013
Vodafone expects earnings to increase
Vodafone, the second-largest wireless carrier, said adjusted operating profit may rise to as much as £12.8bn ($19.5bn) this year, despite a combination of competition and regulation. Analysts had projected £12bn, according to Bloomberg. Adjusted operating profit rose 9.3% to £12bn in the 12 months ending in March 2013, exceeding the £11.7bn market consensus. Service sales fell 4.2% in the fourth quarter (ended in March), the third straight decline, but less than the 4.4% drop analysts had predicted. Vodafone’s shareholders will receive a dividend of 6.92 pence per share.