In 1MDB’s RM1b civil suit against Riza Aziz, court told funds siphoned out were used for gambling and producing moviesMoneyHELSINKI, Oct 17 — Finnish telecoms equipment maker Nokia on Thursday reported a 32-percent rise in net profit for the third quarter but sales dropped due to a slowdown in India.
Profits were up 32 percent to 175 million euros, “driven by a combination of improved product mix, regional mix and actions to reduce product cost”, Nokia chief executive Pekka Lundmark said in a statement. Atte Riikola, analyst with Finnish market research firm Inderes, told AFP Nokia’s earnings development was nearly in line with the expectations, with a few exceptions.
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