nokia profit fell in 2015 ahead of alcatellucent acquisition
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Nokia profit fell in 2015 ahead of Alcatel-Lucent acquisition

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Nokia profit fell in 2015 ahead of Alcatel-Lucent acquisition

Finnish telecom giant Nokia's net profit fell by 29%
Helsinki - AFP

Finnish telecom equipment giant Nokia's net profit fell by 29 percent in 2015, to 2.45 billion euros ($2.8 billion) ahead of acquiring its French-American rival Alcatel-Lucent, the company said on Thursday.

The drop was due to the 2014 results including 5.4 billion euros Nokia gained from selling its unprofitable handset unit to Microsoft.

But the company said operating profit grew last year by 20 percent and its net revenue by six percent.

Nokia has just gone through two and half years of radical transformation. In 2013 it bought 50 percent of its network activities from Germany's Siemens, in 2014 it divested its mobile phone business where it had been the world's number one brand, and in 2015 it sold its mapping unit Here and took control of Alcatel-Lucent.

Net profit from its "continuing activities" after the divestments and before its acquisition of Alcatel-Lucent was finalised last month, fell by 56 percent last year, to 1.19 billion euros, the company said.

Total revenue went up by 6 percent, to 12.5 billion euros.

The company hailed in a statement a "continuation of strong operational performance in Nokia Networks and solid growth in Nokia Technologies", its intellectual property unit.

But chief executive Rajeev Suri warned that Nokia saw a rough start of the year ahead.

"We do expect some market headwinds in 2016 as 4G/LTE rollouts in China and some other markets start to slow.

"The first quarter, in particular, looks quite challenging as customers assess their capex (capital expenditure) plans in light of increasing macro-economic uncertainty," he said in the statement.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nokia profit fell in 2015 ahead of alcatellucent acquisition nokia profit fell in 2015 ahead of alcatellucent acquisition

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nokia profit fell in 2015 ahead of alcatellucent acquisition nokia profit fell in 2015 ahead of alcatellucent acquisition

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 09:36 2017 Thursday ,07 December

Heidy Karam’s contract to present talk show close

GMT 10:50 2012 Friday ,20 January

Dusty weather expected in UAE on Friday

GMT 09:35 2018 Saturday ,13 January

New Zealand bat first in third ODI against Pakistan

GMT 10:48 2017 Saturday ,23 December

Meryl Streep's brand under threat

GMT 06:53 2017 Thursday ,11 May

17th Doha Forum To Begin Sunday

GMT 10:30 2017 Thursday ,23 November

Reports underline proliferation of weapons in Arab world

GMT 07:46 2017 Monday ,30 October

Catch it early, treat it early and move on

GMT 08:05 2015 Tuesday ,17 February

Conan O'Brien is first late night host to film in Cuba

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice