Vodafone Q3 revenue up 10%

Vodafone Q3 revenue up 10%

London: Telecommunications company Vodafone Group PLC on Thursday reported that revenue rose more than 10% in the third quarter, supported by strong gains in its Asia-Pacific and Middle East operations.

For the three months ending 31 December, Vodafone said service revenue fell by 1.2% on a comparable basis, stripping out acquisitions, disposals and currency shifts. Still, the figure was an improvement on the 3% drop in the previous quarter, the company said.

Service revenue, which accounts for 93% of the company’s total, includes revenue from voice, messaging, data and fixed-line services.

Vodafone did not report earnings in the trading update.

Revenue in the company’s third quarter was 11.5 billion pounds ($18.3 billion), compared to 10.5 billion pounds a year earlier.

Revenue rose 10.4% in Asia-Pacific and the Middle East on a comparable basis, while European revenue fell 3.2% and Africa-Central Europe was down 0.5%.