Vodafone has cheered a “new chapter” for the group as it swung to an annual profit after a move to focus on its key markets and forecast further earnings growth over the year ahead. The telecoms giant notched up pre-tax profits of 1.86 billion euro (£1.61 billion) for the year to March 31, compared with losses of 1.48 billion euro (£1.28 billion) the previous year, after service revenues jumped 8.8%. On an underlying earnings basis, it posted a 3.8% rise to 11.35 billion euro (£9.83 billion), which it said was at the top end of its guidance. Vodafone cautioned over “uncertainties” over the outlook caused by the Iran war and wider global economic backdrop, but said it still expects underlying earnings to rise to between 11.9 billion and 12.2 billion euro (£10.31 billion to £10.57 billion) in 2026-27. The group has been leading a push to focus on its biggest markets in Germany and the UK, as well as Africa , while pulling out of countries where it has a smaller presence.…