News Column

Nokia Slows Losses Despite Sales Plunge in Q2

July 18, 2013

Nokia narrowed its net loss to 227 million euros (298 million dollars) in the second quarter, as lower tax and product development expenses outweighed a sharp drop in sales, the Finnish mobile phone maker said Thursday.

The company had made a loss of 1.41 billion euros in the same period last year.

Revenue fell 24 per cent to 5.7 billion euros.

Nokia's operating loss shrank to 115 million euros, from 824 million euros a year earlier.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters