( ) -q-28- UNDATED (Correspondent Jeremy House) “a year earlier.” Wireless and fixed-network equipment maker Nokia has reported a double-digit fall in profit and sales in the second quarter. [CutID: <Cuts> NOKIA-PROFIT-house-q-THUam.mp3 Time: 28s Title: NOKIA-PROFIT-house-q-THUam Out-cue: a year earlier] TAG: Correspondent Jeremy House reporting. Nokia has suffered in the past year from operators cutting […]
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Nokia sees double-digit fall in Q2 profit, sales in weak 5G market
( ) -q-28- UNDATED (Correspondent Jeremy House) “a year earlier.”
Wireless and fixed-network equipment maker Nokia has reported a double-digit fall in profit and sales in the second quarter.
[CutID: <Cuts> NOKIA-PROFIT-house-q-THUam.mp3
Time: 28s
Title: NOKIA-PROFIT-house-q-THUam
Out-cue: a year earlier]
TAG: Correspondent Jeremy House reporting. Nokia has suffered in the past year from operators cutting back on investments into 5G and other telecom technology because of economic uncertainty and high financing costs.
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VERBATIM: The drop is attributable to a continuing weak market as clients are holding off investments in 5G technology. The Espoo, Finland-based company, reported Thursday a net profit of 328 million euros for the April-to-June period. That’s down 20% from 409 million euros a year earlier. Net income attributable to shareholders was 325 million euros, down from 410 million euros a year earlier.