Telstra Corporation (ASX: TLS) loses its foothold as Vodafone Group plc (LON: VOD) rises above

Vodafone Group is gathering point by point

In brief: Telstra Corporation Limited (ASX: TLS) half-year net profit fell to $ 1.82 billion, Vodafone Group plc (LON: VOD) shares continue to rise in price.

Telstra Corporation Limited (ASX: TLS) is close to 2.94 points, losing -0.31 (-9.54%). At the same time, Vodafone Group plc (LON: VOD) has managed to reach 153.15 points, gaining +2.40 (1.59%) in the first half of trading.

Vodafone Group plc (LON: VOD) has become the flagship for the UK stock market today. Australia’s largest phone company, Telstra reported that net profit for the six months ending June 30 fell to A $ 2,16 млрд the previous year to A $ 2,03 billion ($ 1.82 billion). At the same time representatives of Telstra also said they expected a fall of profit in the second half of 2010 by 6% due to lower volumes of services for fixed phones.

Igor Tringlers
2010-08-12 09:59, Economics.

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