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Vodafone India H1 revenue jumps 13.3%

Agencies

Posted: Wednesday, Nov 14, 2012 at 2149 hrs IST

New Delhi: Telecom major Vodafone India today said its revenue has grown 13.3 per cent to Rs 17,580 crore for the six months ended September 30, 2012.

Vodafone India revenues, which includes standalone, its subsidiaries and proportionate consolidation of Indus Towers (42 per cent), stood at Rs 15,510 crore in the same period last year.

The company did not disclose the profit numbers for the first half of 2012-13.

"We achieved a revenue growth of 13.3 per cent...We have been able to improve our operational profit margin to 28.4 per cent as a result of our increasing operating efficiency based on scale and lower customer acquisition cost," Vodafone India Managing Director and CEO Marten Pieters told reporters here.

He added that while revenue growth has been impacted by some of the regulatory measures, lower customer acquisition cost has been a positive for the finances of the industry, which is already battling high operational costs and lower

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Source: http://financialexpress.com/news/vodafone-india-h1-revenue-jumps-13.3-/1031083/

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