Vodafone Net Almost Trebles To £8.6 Billion

Telecom giant Vodafone reported Tuesday almost three times the increase in net profit of £ 8610000000 (12.42 billion U.S. dollars) in taxation in 2010, helped mainly growth in mobile data and reduction measures.

Vodafone, which has a strong presence in India, but suffered a depreciation of 2.3 billion pounds for its Indian operations due to intense price competition.

During the period of the previous year the company made a net profit 3.08 billion pounds, Vodafone said in a statement.

British company attributed its improved earnings in emerging markets and the growth of mobile data and fixed broadband as well as measures to cut costs.

Vodafone India had been weakened, £ 2300000000 mainly price competition after a number of new entrants in the market, "she said.

Total company revenue rose by 8.4 per cent 44.5 billion pounds year ended March 31 December 2010.

For the year ended maalis kuuta August 31, 2010 the company's profit before interest, taxes, depreciation and amortization (EBITDA) of its Indian operations grew by 12.5 percent 807 million pounds. In addition, Vodafone India has also increased its revenue 16 percent 3.11 billion pounds.

India, Vodafone has added 32 million customers during the year, bringing the total to 341 million worldwide.

In addition, service revenue telecom giant in Asia-Pacific and the Middle East grew by 9.8 per cent 6.1 million pounds, which another significant contribution from India, with Services revenue grew by 14.7 per cent to 3.06 billion pounds.

Although Africa and the Central Revenue Service in Europe fell by 1.2 percent 7.4 billion pounds and services revenue in Europe fell by 3.5 per cent pounds 28.3 billion.

The company reports sales of fixed network grew by 7.9 per cent £ 3.3 billion, Strong customer growth of broadband and market share. The Group's fixed broadband customers and is now 5.6 million.

In addition, the cost savings the company billion pounds program has given at the beginning of the year. Vodafone has increased its final dividend of 8.7 per cent of 5.65 pence per share to 5.2 pence.