Vodafone lifts profit outlook on emerging markets sales

Image caption, Turkish and Indian revenues up alongside surprisingly robust performances in UK and Germany

Vodafone has raised its profit outlook as emerging markets and UK demand made up for losses in southern European.

The mobile operator to September of 拢8bn ($13bn) slightly down from 拢8.2bn in the same period last year.

Vodafone upped its full-year operating profit forecast to 拢11.4bn-11.8bn from 拢11bn-11.8bn previously.

The firm was hurt by eurozone problems, including a 拢450m write-off of the value of their Greek business.

Vodafone also suffered tightening profit margins in the competitive Spanish market, as well as falling revenues in Italy.

Strong growth

Profits in its latest financial results were boosted by six-month revenues in Turkey up 28% and India up 18.4%. There were also robust performances in the UK, Germany and the Netherlands.

Chief Executive Vittorio Colao remained optimistic: "Although the macroeconomic outlook is uncertain, we are confident that we can continue to execute successfully in the second half of the financial year."