In the first six months of 2011 Vodafone reported profits down 2,8% to £8,01 billion against 8,24 billion a year ago. On an adjusted basis profits fell by 8,7% to 5,4 billion.
The revenues of the English telephone company, on the other hand, increased by 4,1%, settling at 23,5 billion. Market expectations of 23,4 billion have been beaten. The gross operating margin (ebitda) was also above expectations, rising by 2,3% to 7,53 billion (consensus 7,42 billion).
La company led by Vittorio Colao revised its annual guidance upwards: it now expects an adjusted operating result of between 11,4-11,8 billion. Vodafone will propose the distribution of an interim dividend of 3,05 pence (+7%).
Stock in London gains 2,63% in today's opening.
