Nokia Q2 profit falls 32% on weak demand for telecom gear

Quick Summary:

:Finnish telecom equipment maker Nokia said on Thursday its operating profit fell 32 per cent in the second quarter, as demand for 5G telecom equipment remained weak.

Its comparable operating profit fell to 423 million euros ($462.38 million), from 619 million euros in the same quarter a year earlier.

He said however that sales should improve in the second half, helped by Nokia's order intake particularly in the Networks division.

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Category: EconomyBusiness

Markets: SingaporeFinland

Topics: Telecom Operating Second Million Nokia Fell Cent Euros Quarter Profit Equipment

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 13:16:05 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 166 words

Reading Time: 1 minutes read

Sentences: 7 lines

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