Earnings watch: Vodafone Group reports 15% growth in Egypt revenue

EARNINGS WATCH- Vodafone Group reported a 15.3% y-o-y growth in service revenues from Egypt, according to its earnings statement (pdf). Revenues during the first quarter of the group’s fiscal year, which runs from 1 April to 31 June, jumped to EGP 6.72 bn (EUR 361 mn), up from 5.83 bn (c. EUR 313 mn) in the same period last year. Global revenues dropped 1.4% y-o-y to EUR 10.51 bn, down from EUR 10.65 bn.