Vodafone Posts Hefty H1 Loss, Updates FY19 View; To Cut Costs; Stock Up

British telecom giant Vodafone Group Plc reported Tuesday a hefty loss in its first half, compared to prior year's profit, mainly reflecting impairment charges and weak revenues. Looking ahead for fiscal 2019, the company narrowed its EBITDA growth view, and said it sees organic service revenue growth to be slightly higher. Vodafone Shares were trading around 9 percent higher in London.

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