Vodafone reports 1.2% rise in full-year group revenues

Vodafone has reported a 1.2% rise in full-year group revenues, but has rowed back on medium-term growth targets due to constricting consumer spending patterns across Europe.

The London-headquartered giant said revenues grew to £46.4bn (€57.5bn) over the 12 months to the end of March.

However, adjusted operating profits were down 2.4% to £11.5bn and earnings per share fell 9.6% to 13.74p. However, its full- year dividend per share was up by 7% on the previous year to 9.52p.