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Nokia sales down

October 18, 2024 00:00:00


HELSINKI, Oct 17 (AFP): 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.

Nokia announced sales of 4.3 billion euros ($4.7 billion), down eight percent compared to a year ago and lower than forecast by analysts surveyed by Bloomberg.

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.


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