Vodafone posts 7.8 bn euros loss for H1 of 2018; blames loss in Indian arm

Vodafone group's financial numbers included a July-August performance of Vodafone India

British telecom major Vodafone posted a loss of 7.8 billion euros for the first half of 2018 due to a loss of 3.4 billion euros on the disposal of its Indian arm and impairment charges related to investmentsin Spain and Romania.

The company had posted a profit of 1.2 billion euros in the same period of 2017.

"Six months ended September 30, 2018, includes 3.5 billion euro of impairment charges in respect of the Group's investments in  Spain, Romania and Vodafone Idea and a 3.4 billion euro loss on the disposal of Vodafone India," Vodafone said in a statement.
 

Vodafone