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Nokia Reports Lower Profit Despite Rising Sales

The Finnish telecom maker reported Thursday a 435-million-euro ($505-million) operating profit in its third quarter.

By Channels Television
Updated October 23, 2025
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This file photo taken on February 26, 2019 shows people visiting the Nokia stand at the Mobile World Congress (MWC) in Barcelona. Finnish telecoms equipment maker Nokia said on March 16, 2021 it would slash up to 10,000 jobs over the next two years as part of a 600-million-euro ($715-million) cost-cutting programme. Josep LAGO / AFP

 

Finnish telecom maker Nokia reported Thursday a 435-million-euro ($505-million) operating profit in its third quarter, down 10 percent from a year earlier, despite a nine percent increase in sales.

“Looking forward, we are on track to achieve our full-year outlook,” chief executive Justin Hotard said in a statement.

 

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AFP

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