vodafone annual profit slumps on eurozone woes
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Vodafone annual profit slumps on eurozone woes

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice 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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