VODAFONE AUSTRALIA POSTS FY EBITDA OF US$283.81 MLN.

AsiaPulse News, May, 2003

SYDNEY, May 27 Asia Pulse - Vodafone Australia Ltd said today its earnings before interest, tax, depreciation and amortisation of A$431 million (US$283.81 million) for the year to March 31, 2003.

Vodafone Australia managing director Grahame Maher said Vodafone Group Plc's annual results show that Vodafone Australia increased EBITDA by A$60 million (US$39.51 million).

"This is remarkable given this year's result includes considerable non-recurring restructure costs," he said.

"Vodafone has also achieved a significant improvement in free cash flow," Mr Maher said.

"Our customer base has increased by 400,000 for the year to 2.5 million. Importantly, weve reduced the cost to acquire each customer by 63 per cent, meaning our customers are...