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  Business   Companies  16 May 2017  Vodafone suffers loss due to troubled Indian division

Vodafone suffers loss due to troubled Indian division

AFP
Published : May 16, 2017, 12:24 pm IST
Updated : May 16, 2017, 12:24 pm IST

The company suffered annual net losses worsened to 6.3 billion euros.

Representational Image
 Representational Image

London: British mobile phone giant Vodafone revealed Tuesday that annual net losses worsened to 6.3 billion euros ($6.9 billion) on the back of a vast write down at its troubled Indian division.

Vodafone's performance in the 12 months to March was hit by a 3.7-billion-euro impairment at the Indian unit and compared with a net loss of 5.4 billion euros in the previous financial year, it said in a statement.

Tags: vodafone, vodafone net loss, vodafone india