Vodafone posts €6.1b full-year loss

LONDON: Vodafone, the world’s second biggest mobile operator, reported a €6.1 billion (RM28.94 billion) loss for the year to end-March, dragged down by the troubled Indian unit it is spinning off. However, the group forecast growth in earnings and a jump in free cash flow for the current year, driven by stabilising revenue and lower spending. It predicted a rise in organic adjusted core earnings growth of between four and eight per cent and free cash flow of about €5 billion. Agencies