Wednesday, July 1, 2020

Vodafone's loss widens

Vodafone Idea's pre-tax loss rose 73 per cent to Rs 11,742 crore in the March quarter of 2019-20 owing to exceptional expenses.
The telecom firm had posted a pre-tax loss of Rs 6,758 crore in the same quarter last year.
While the firm’s revenue remained flat on a year-on-year basis, the loss widened due to Rs 6,140 crore worth of exceptional items, which included costs related to merger and integration, additional provisioning for depreciation and impairment, and one-time spectrum charges.

1 comment:

  1. This article's content is really unique and amazing. This article really helpful and explained very well. So I am really thankful to you for sharing keep it up..