Post by Em10 on May 30, 2006 8:16:07 GMT -1
Vodafone made a £14.9bn ($27.9bn) loss last year - a record for a UK firm - after writing down the value of assets.
It incurred one-off costs of more than £23.5bn, mainly as a result of writing down the value of German business Mannesmann, which it bought in 2000.
The firm said it would also cut 400 jobs as part of a move to reduce costs.
Excluding one-off costs, Vodafone made a £8.8bn profit and it said its overall performance had exceeded expectations, after adding 21 million new customers.
Vodafone's shares rose nearly 2% after it said it would return a further £3bn to shareholders - in addition to the £6bn it has already earmarked for investors following the sale of its Japanese arm to Softbank.
It incurred one-off costs of more than £23.5bn, mainly as a result of writing down the value of German business Mannesmann, which it bought in 2000.
The firm said it would also cut 400 jobs as part of a move to reduce costs.
Excluding one-off costs, Vodafone made a £8.8bn profit and it said its overall performance had exceeded expectations, after adding 21 million new customers.
Vodafone's shares rose nearly 2% after it said it would return a further £3bn to shareholders - in addition to the £6bn it has already earmarked for investors following the sale of its Japanese arm to Softbank.
