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LONDON (AP) - Mobile phone company Vodafone Group PLC posted a narrower full-year loss on Tuesday and forecast strong growth in emerging markets, pushing its shares to five-year highs.
Vodafone said it had a net loss of 5.43 billion pounds ($10.77 billion) in the year to March 31, down from 21.9 billion pounds a year earlier, as it cut costs in western Europe and saw strong growth in emerging markets such as Turkey, Africa and Eastern Europe.
Revenues increased 6 percent to 31.1 billion pounds ($61.7 billion) from 29.4 billion pounds a year earlier.
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