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Vodafone records GBP 5.9B charge for Vodafone Spain, Vodafone Italy

Vodafone said its six month operating profit was down 97% to GBP 0.3B, driven by an impairment loss of GBP 5.9B in relation to Vodafone Spain and Vodafone Italy. The charge was driven by a combination of lower projected cash flows within business plans and an increase in discount rates, resulting from adverse changes in the macroeconomic environment since March 2012.