Vodafone chuffed with pleasing figures
Emerging markets, smartphone data were their friends
Vodafone shares are up two per cent this morning on a solid set of figures for the year.
The UK's largest mobile company said data and services revenues helped boost sales by 3.2 per cent to £45.9bn.
Adjusted operating profit was £11.8bn, up 3.1 per cent. Ebitda was down 0.4 per cent to £14.7bn.
Africa, Middle East and Asia Pacific grew most - up 20 per cent to £12.3bn. Revenues in Europe fell 3.4 per cent to £30.1bn
Revenue from data grew 26.4 per cent, pushed by continued take up of smartphones - up from 11.6 per cent to 18.7 per cent in Europe.
For 2012 Voda expects profits of between £11bn and £11.8bn.
But it warned that European Union action on termination rates would hit service revenues by 2.5 per cent.