Vodafone annual profit hits £59bn after Verizon Wireless sale

May 20, 2014
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Vondafone/AFP
Vondafone/AFP

, LONDON, May 20- Vodafone’s annual net profit rocketed to £59.25 billion, boosted by the enormous sale of its stake in US joint venture Verizon Wireless, the British mobile phone giant said Tuesday.

The company’s 2013/2014 profit after taxation, equivalent to $100 billion or 73 billion euros, compared with slender net profit of just £413 million in the previous 2012/2013 financial year, Vodafone said in a results statement.

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