Vodafone raises outlook after strong first-half

Vodafone reported better-than-expected earnings growth in the first-half on Tuesday (November 16).

The British-based mobile network said total revenue grew 5% to about $25.5 billion over the six months to end-September.

It was driven by sales in Africa and Europe - particularly in its largest market Germany.

But sales in Italy and Spain dropped as growth in the first quarter slipped in the second.

Vodafone also saw a recovery in handset sales after health crisis disruption last year.

The company raised its full-year earnings guidance to at least $17.3 billion.

Vodafone shares have fallen 15% since the start of its financial year.

On Tuesday, they were up as much as 6% in morning trade.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting