Vodafone reports profit drop for year

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Mobile telecommunications giant Vodafone reported a 7.8-percent drop in adjusted annual operating profit on Tuesday, reflecting the sale of its stake in SFR.

The profit for the year to April was 7.968 billion pounds (9.156 billion euros, $12.936 billion), but the group said it expected this to rise to 11.0-11.8 billion pounds in the current year.

© 2011 AFP

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