Vodafone Group Posts Lower Pretax Profit on Previous Business Disposals
November 14 2023 - 2:44AM
Dow Jones News
By Najat Kantouar
Vodafone Group has reiterated its full-year guidance as it
reported a much lower pretax profit for the first half of fiscal
2024, reflecting adverse foreign-exchange rate movements and
business disposals in the prior year.
The U.K. telecommunications company said Tuesday that it expects
to report underlying earnings before interest, taxes, depreciation,
amortization and lease expenses of 13.3 billion euros ($14.23
billion) for the year ending March 31 compared with EUR14.7 billion
in fiscal 2023. Adjusted free cash is seen at around EUR3.3
billion, from EUR4.84 billion.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
November 14, 2023 02:29 ET (07:29 GMT)
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