Vodafone lose £21.9 million

[Charles]

From bloomberg.com...

Vodafone Group Plc, the world's biggest mobile-phone company, reported the biggest annual loss in European corporate history on writedowns. The company said it will increase dividends and return 9 billion pounds ($16.9 billion) to owners.

Vodafone lost £21.9 million in the year through March or 35.01 p per share; The increased payouts are to keep shareholders happy, but the underlying message seems to be that the mobile market is slowing down and that the price Vodafone paid for 3G licence is still hurting.

[MobileGamer]

They made something like £6 million profit last year so thats an even bigger drop.