5/16/2011 10:53:00 AM
Vodafone expected to announce £11.8bn profit
Vodafone is expected to announce a pre-tax profit of nearly £11.8bn in its annual results tomorrow, from a turnover of around £45.5bn.
Analysts say the UK’s results are expected to offset disappointing results from Vodafone’s southern European operations, combined with strong trading in India and the US.
The operator's results for the previous year saw Vodafone's annual profits more than doubled to £8.7bn with the help of a £1bn cost savings programme, which has been continued this year.