Despite a ‘disappointing’ seven-per cent fall in net sales, in part due to poor services performance, Nokia posted a €193 million net profit for the three months to September, up from €82 million in the same period last year. — Reuters pic
“In those areas we choose to compete, we will play to win,” he told reporters today. “We will do whatever it takes to lead in 5G and we are ready to invest more.” But increased profitability did not keep Nokia from downgrading its 2020 outlook, lowering its expected non-IFRS earnings per share by two cents to €0.23 in part due to difficulties in the North American market, the firm said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nokia doubles Q3 net profit, CEO pledges make it 5G market leaderDespite a 7% fall in net sales, Nokia posted a €193 million net profit for the three months to September. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »
Nokia doubles Q3 net profit, CEO pledges make it 5G market leaderDespite a 7% fall in net sales, Nokia posted a €193 million net profit for the three months to September. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »
British American Tobacco Malaysia net profit slips to RM63.74m in Q3 | Malay MailKUALA LUMPUR, Oct 28 — British American Tobacco (Malaysia) Bhd’s (BAT Malaysia) net profit fell to RM63.74 million in the third quarter ended Sept 30, 2020 (Q3 2020) from RM83.13 million in the same period last year. Revenue, however, was higher at RM627.52 million against RM584.34 million...
Source: malaymail - 🏆 1. / 86 Read more »
Samsung Electronics Q3 net profit grows 48.8pc | Malay MailSEOUL, Oct 29 ― Samsung Electronics reported today its net profit grew 48.8 per cent year-on-year in the third quarter, as its mobile and chip businesses were boosted by US sanctions against its Chinese rival Huawei. The world's biggest smartphone and memory chip maker said profits in the...
Source: malaymail - 🏆 1. / 86 Read more »
Panasonic interim net profit halves as virus hits sales | Malay MailTOKYO, Oct 29 — Japan’s Panasonic said today that first-half net profit more than halved from a year earlier as the coronavirus pandemic weighed on its businesses at home and overseas. The consumer electronics giant said its bottom-line profit dropped to ¥48.9 billion (RM1.9 billion) for the...
Source: malaymail - 🏆 1. / 86 Read more »
BP reports quarterly net loss of US$450m | Malay MailLONDON, Oct 27 — British energy giant BP today reported a net loss of US$450 million (RM1.9 billion) for the third quarter, down very sharply on the previous quarter’s mammoth losses due to the coronavirus pandemic. The loss after tax for the July-September period, helped by a slow recovery in...
Source: malaymail - 🏆 1. / 86 Read more »