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Vodafone dials up 6.3-bn-euro annual net loss

Vodafone`s performance in the 12 months to March was hit by a 3.7-billion-euro impairment at the Indian unit and compared with a net loss of 5.4 billion euros in the previous financial year, it said in a statement.


Vodafone dials up 6.3-bn-euro annual net loss

British mobile phone giant Vodafone revealed Tuesday that annual net losses worsened to 6.3 billion euros ($6.9 billion) on the back of a vast writedown at its troubled Indian division.

Vodafone`s performance in the 12 months to March was hit by a 3.7-billion-euro impairment at the Indian unit and compared with a net loss of 5.4 billion euros in the previous financial year, it said in a statement.

 

From Zee News

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