Vodafone Profits Leap of 150 Percent Expected

If Q1 results from Vodafone come in as expected Vodafone will report a 150 percent jump in profits while the company recovers from poor performance in their Turkish and Spanish arms reports an article over on mobile today

Word has it that analysts have predicted Vodafone will report first quarter profits of a cool £10.4 billion which is up on the same period of 2009 at £4.1 billion.

Furthermore it is expected that Vodafone will report overall growth in Europe and highlight the United Kingdom as iPhone sales are reported by Vodafone for the first time with an expected iPhone sales figure of 500,000 handsets sold since Vodafone began offering the device.

Vittorio Colao, CEO for Vodafone is expected to assure investors that Vodafone Turkey is starting to deliver good progress after last year being described and a “disaster.”

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