Cost-cutting boosts Nokia earnings in first quarter

  • 📰 malaymail
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Nokia News

Earnings

HELSINKI, April 18 — Cost-cutting helped Finnish telecoms equipment maker Nokia today report a 52-per cent rise in first-quarter net profit to 438 million euros even though...

Malaysian Bar tells court it has statutory obligation to uphold cause of justice in bid to challenge AG over Ahmad Zahid’s DNAA in Yayasan Akalbudi case

Nokia posted sales of 4.67 billion euros, down by a fifth from a year ago in a “challenging environment”. It mobile networks activity was hit by operators’ declining investments in North America and India. However, Nokia saw “continued improvement in order intake, meaning we remain confident in a stronger second half and achieving our full year outlook.”Atte Riikola, analyst with Finnish market research firm Inderes, told AFP Nokia’s sales were a concern however.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines