Feeds

Vodafone knocks up a profit

Japan still struggling

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Vodafone posted respectable results for the year ended 31 March, 2005 but is still struggling to get its Japanese division back on track.

The mobile giant brought in revenues of £34.1bn, up four per cent on last year, and earnings per share of 10.41 pence. Profits before tax and exceptional items grew three per cent to £10.3bn. But after goodwill write-offs Vodafone lost £7.5bn in the year.

Subscriber numbers grew 12 per cent in the year to 154.8 million in 26 markets. Vodafone had 2.4 million 3G devices in use at year end.

The company said Japan was still a difficult market thanks to strong competition especially for 3G services. Revenue fell slightly with a five per cent fall in service revenue offset by higher handset prices. Arpu also fell as the company lost higher value customers. Vodafone hopes recent management changes will help improve results.

Vodafone UK grew revenue by six per cent in what it described as “an intensively competitive market”. Contract churn was reduced by focussing on business customers - rates at year end fell from 24.9 per cent to 22.7 per cent. Non-voice revenues grew by 23 per cent.

Vodafone also said it will stop providing subscriber growth figures because people using many SIM cards and the various ways operators add up the numbers make them irrelevant. Vodafone will continue to provide quarterly subscriber numbers

Looking forward the company predicts organic growth in proportionate mobile revenue to increase between six and nine per cent. The company also warned that it expects proportionate mobile EBITDA margin is likely as much as one per cent lower than this year. ®

Related stories

Vodafone launches handset for phone-phobes
Mobile email consolidation kicks off
Voda goes east for $3.5bn acquisitions

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.