HELSINKI: Nokia achieved an increased turnover and made a remarkable profit during the second quarter of 2015, the Finnish network technologies company said on Thursday.
Compared with the same period in 2014, the 2015 April-June turnover stood at 3.2 billion euros, which was an increase of 9 percent. The profit was now 352 million euros, whereas in 2014 it had been negative. Among the three major business portfolios, namely the Networks, Technologies and the HERE map services, Networks provided 313 million euros out of the total of 521 operating profit (non-IFRS).
Mikael Rautanen, an analyst of Nokia from the analysis firm Inderes, told Finnish national radio Yle that the increase in the turnover could be attributed to changes in the exchange rates that were advantageous to Nokia, and the good profit result showed a recovery in the core business of Nokia, the network services.
