Nokia Result 29/10/15

By Dhruv Dayal Gupta
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Nokia reported Q3 net profits increased by 4% YoY at €475 million ($519 million) compared to €457 million ($500 million). The net profit increased in spite of a decrease in turnover of 2% YoY, helped by a weaker Euro, otherwise 10%, at €3 billion ($3.3 billion). Nokia Networks segment, which reported a 2% decline YoY in operating performance, helped the overall profitability.