CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID BIN MUBARAK AL-SHAFI

Default / Miscellaneous

Nokia's third quarter net loss increases 14-fold

Published: 18 Oct 2012 - 01:54 pm | Last Updated: 07 Feb 2022 - 01:20 am

HELSINKI: Nokia, until recently the world's biggest mobile phone maker, posted a third quarter net loss of 969 million euros (1.27 billion dollars), compared to a loss of 68 million euros a year earlier.
 
The Finnish company's chief executive Stephen Elop described the third quarter as "difficult", as sales slumped by 19percent to 7.2 billion euros. (AFP)