Dutch Network Posts Strong Profits Rise

The Dutch GSM network, Libertel-Vodafone has posted a 20% rise in full year pre-tax profits to US$76.8 million. Revenues rose by 28% to US$1 billion. The company is however cautious about the future, saying in a statement "Although we remain confident of achieving further revenue and profit growth, we should not discount the possible effect of a general economic slowdown, should this occur,""

Posted to the site on 17th May 2001