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Vodafone Still Ringing Up Losses

Vodafone VOD is improving according to its preliminary results  for the year to 31st March, but could still do better. Perhaps improving its reputation for an attitude problem and poor customer service may help.

Second half like for like EBITDA grew by 3.6% compared to 2.7% for the full year. Adjusted operating profit fell by 30% but the basic loss per share fell to 15.08p compared to last years 169.3p. Adjusted earnings per share improved to a positive 5.04p compared to last years loss of 9.2p. Group revenue declined by 3%, Europe leading the way with a fall of 4.4%. Vodafone is rewarding shareholders for their loyalty with a rise of 2% in the final dividend.

Premier Foods PFD claims that it has built a strong platform for accelerating growth with branded sales flat and a 0.6% rise in full year group sales. The guidance for this anticipated growth is 2.4% but points out that they are operating in a deflationary market.Adjusted earnings per share for the year to 2nd April rose by 4.6%.

Compared to the figures for 15 months to April last year  the improvement has been significantwith a loss of 92.7m turned into a profit afte tax of 34m. and a basic loss per share of 12.7p transformed into a basic earnings per share of 4.1p. Operating profit has come in at  54.5m compared to last years loss of 44m.

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