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Article: Vodafone steps up cost-cutting
- Article from:
- Belfast Telegraph
- Article date:
- November 11, 2009
CopyrightCopyright 2009 Belfast Telegraph. Provided by ProQuest LLC. (Hide copyright information)
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MOBILE phone giant Vodafone has extended its cost-cutting by
another Pounds 1bn after revealing half-year results in line with
its hopes. The pledge for the period to 2012 comes after Vodafone
achieved its original Pounds 1bn savings target a year earlier than
expected. It reported adjusted pre-tax profits of Pounds 5.48bn, up
3.6% in the six months to September 30, but described competition in
a key growth market of India as intense and reported a 5.7% drop in
revenues in the UK.
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