This file photo taken on February 26, 2019 shows people visiting the Nokia stand at the Mobile World Congress in Barcelona. Josep LAGO / AFPFinnish telecoms giant Nokia said Thursday that it returned to profit in the first quarter, boosted by stronger-than-expected demand for 5G products, but it kept its cautious outlook for 2021.
“We have delivered a robust start to the start of the year with strong net sales, operating margin and cash flow,” said chief executive Pekka Lundmark. File photo: Nokia’s new President and CEO Pekka Lundmark shakes hands with resigning President and CEO Rajeev Suri after a press conference at the Nokia headquarters in Espoo, Finland on March 2, 2020. Markku Ulander / Lehtikuva / AFPNokia lost out on a major Verizon contract in the US last year to Samsung which will impact the outlook into 2022.Nokia’s share price soared by 13 percent to 4.07 euros in midday trading on the Helsinki stock exchange.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.