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HomeForeign NewsUK Telecoms Giant Vodafone Bounces Back Into Profit Amid Pandemic

UK Telecoms Giant Vodafone Bounces Back Into Profit Amid Pandemic

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British telecommunications group Vodafone on Monday said it has bounced back into profit in the first half of its financial year with a “resilient financial performance” amid the COVID-19 pandemic.

Although the group’s revenue declined as good underlying momentum was offset by the effects of COVID-19, the company’s profit after tax still hit 1.3 billion euros (1.5 billion U.S. dollars) for the six months to September, Vodafone said in a results statement.

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“Today’s results underline increased confidence in our full year outlook” said Nick Read, the company’s chief executive, adding “we continue to see good commercial momentum across the group”. (Xinhua)

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