Tuesday, November 16, 2021

Vodafone H1 Profit Down, Sees FY22 Adj. EBITDAaL At Top Half Of View; Stock Up

Shares of Vodafone Group Plc were gaining around 6 percent in the London trading as well as in pre-market activity on Nasdaq after the British telecom major said it now expects fiscal 2022 Adjusted EBITDAaL, a key earnings metric, at the top half of its initial forecast. In the first half, the company recorded weak pre-tax profit, but Adjusted EBITDAaL was higher on revenue growth.

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