Quantcast


Last updated: May 21. 2013 8:37AM - 454 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.


It reported Tuesday net profits of 7.70 billion pounds ($11.665 billion) for the year ending March 2013 compared with 7.55 billion pounds the year before.


Group Chief Executive Vittorio Colao said progress in emerging markets and a strong performance from U.S.-based Verizon Wireless, in which it has a 45 percent stake, allowed the company to grow despite weak economic conditions in southern Europe.


Colao also cited an "adverse European regulatory environment" as having a negative impact on company growth this year.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com