( ) -q-21- UNDATED (Correspondent Jeremy House) “a year earlier.” Wireless and fixed-network equipment maker Nokia has reported a fall in second quarter profit. [CutID: <Cuts> NOKIA-PROFITS-house-q-THUam.mp3 Time: 21s Title: NOKIA-PROFITS-house-q-THUam Out-cue: a year earlier] TAG: Correspondent Jeremy House reporting. Net income attributable to shareholders was 415 million euros, down from 582 million euros the […]
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Nokia profits fall as clients particularly in North America shun investments
( ) -q-21- UNDATED (Correspondent Jeremy House) “a year earlier.”
Wireless and fixed-network equipment maker Nokia has reported a fall in second quarter profit.
[CutID: <Cuts> NOKIA-PROFITS-house-q-THUam.mp3
Time: 21s
Title: NOKIA-PROFITS-house-q-THUam
Out-cue: a year earlier]
TAG: Correspondent Jeremy House reporting. Net income attributable to shareholders was 415 million euros, down from 582 million euros the previous year. Nokia’s sales were down 3% at 5.7 billion euros.
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VERBATIM: The drop comes as clients especially in North America postponed investments due to a slowdown in economic growth and rising financing costs. The Espoo, Finland-based company reported net profit of 414 million euros for the April-to-June period, down 29% from 585 million euros a year earlier.