Vodafone Idea Posts Surprise Fourth Quarter Profit
Vodafone Idea posted a surprise fourth-quarter profit of 519.7 billion rupees. The results beat analyst expectations for a loss during the three-month period.
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Vodafone Idea Ltd posted a surprise profit of 519.7 billion rupees ($5.42 billion) for the quarter ending March 31, beating analyst expectations of a loss. The result in India marked an unexpected turnaround for the telecom operator. This swing ended a sequence of quarterly deficits.
