Sign up for our newsletter - Navigating the horizon of business technology​
Technology / AI and automation

NOKIA PROFITS SHOOT UP BY 157%

Nokia Oy, the Helsinki, Finland-based telecommunications giant has reported second quarter net profits up 157% at the equivalent of $239.9m on revenue up 46.0% at $2.35bn. Unsurprisingly, the mobile phone division showed the most impressive gains with sales increasing by 49% to $1.32bn or 56% of group sales. Breaking the results down further shows that sales of digital mobile phones increased by a massive 94% from this time last year. The telecommunications division, which sells both mobile and fixed network systems, increased sales by 35% while signing several new contracts to supply mobile GSM 1800 networks in Finland, Denmark, Greece and a new test network in Beijing, China. Nokia’s other operations, including Mutimedia Network Terminals and Industrial Electronics, pushed sales up by 71% to $302m with sales of digital satellite TV decoders, monitors and mobile phone battery chargers.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.