Vodafone Group Plc (VOD: Quote,VOD.L) said group revenue for the quarter ended 30 June 2012 was down 7.7% to 10.77 billion pounds from last year. On an organic basis, group revenue grew 1.0%.
Group service revenue for the quarter declined 8.1%. On an organic basis Group service revenue increased by 0.6%.
Vittorio Colao, Chief Executive, commented,
"Despite the difficult market conditions, particularly in southern Europe, we continue to make progress in the key areas of data, enterprise and emerging markets, while maintaining tight control of our cost base. We remain focused on driving through significant improvements to our customers' experience through our ongoing investment in our networks, stores and IT platforms."
Trading in the first quarter was consistent with management's expectations underlying the outlook statement for the 2013 financial year. The company therefore confirmed its outlook for the 2013 financial year.
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by RTT Staff Writer
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