UK telecoms giant Vodafone bounces back into profit amid pandemic

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Vodafone

British telecommunications group Vodafone on Monday said it has bounced back into profit in the first half of its financial year with a “resilient financial performance’’ amid the COVID-19 pandemic.

Although the group’s revenue declined as good underlying momentum was offset by the effects of COVID-19, the company’s profit after tax still hit 1.3 billion euros (1.5 billion U.S. dollars) for the six months to September, Vodafone said in a results statement.

“Today’s results underline increased confidence in our full-year outlook,’’ said Nick Read, the company’s chief executive, adding “we continue to see good commercial momentum across the group”. (Xinhua/NAN)

– Nov. 16, 2020 @ 14:39 GMT |

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