UK-based Vodafone Group has released its financial results for the three months ended 30 June 2012, revealing a 7.7% year-on-year drop in reported group revenue and an 8.1% decline in group service revenue, as its operations in its home territory, Spain and Italy struggled. In the first quarter of its 2012/13 fiscal year Vodafone Group posted a total group revenue of GBP10.77 billion (USD16.9 billion), with the company noting that on an organic basis this represented a 1% increased from the same period a year earlier. Group service revenue for the quarter meanwhile stood at GBP9.98 billion, which the company said equated to an increase of 0.6% on an organic basis
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OVETEL Vodafone’s revenue in 1Q 2012/13 dented by difficulties in southern Europe
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