British telecom giant Vodafone Group plc's (VOD: Quote,VOD.L) full-year pre-tax profit rose slightly to 9.55 billion pounds from 9.50 billion pounds, while adjusted pre-tax profit dropped to 9.92 billion pounds from 11.0 billion pounds a year ago.
On a per share basis, earnings for the full year were 13.65 pence, lower than last year's 15.11 pence. Adjusted basic earnings per share were 14.91 pence, down 11.0% on last year's 16.75 pence, driven by the loss of the company's share of SFR and Polkomtel profits, the loss of income from its interests in China Mobile Limited and SoftBank, and higher finance charges.
Group revenue for the year improved by 1.2% to 46.4 billion pounds, with Group organic service revenue up 1.5% and data revenue up 22.2%.
Looking ahead, Vodafone expects fiscal 2013 adjusted operating profit in the range of 11.1 billion pounds - 11.9 billion pounds. On an underlying basis, excluding foreign exchange rate movements, the company anticipates growth in adjusted operating profit, and stability in free cash flow.
In addition, the board is recommending a final dividend per share of 6.47 pence, to give total ordinary dividends per share of 9.52 pence, up 7.0% year-on-year.
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by RTT Staff Writer
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