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At 08:11 BST, the mobile phone operator was up 1.47 per cent on the FTSE 100 in London, putting its shares on 138.35p.
In the 12 months to March 31st 2010, the company's group revenue rose 8.4 per cent to £44.5 billion, while adjusted operating profit on a reported basis totalled £11.5 billion.
However, the firm was hit by an impairment charge of £2.3 billion related to its operations in India, a market it entered in 2007.
It said it has seen "intense price competition" in the country since six new national licences were awarded a year after it began operating in India.
Commenting on the results, chief executive Vittorio Colao said the firm was upbeat about its prospects for the current financial period.
"[Vodafone] is positioned to return to revenue growth during the 2011 financial year, as economic recovery should benefit our key markets," he remarked.
Posted by Greg Secker
