Nokia Result 31/07/15

Nokia Corporation saw Q2 net profits of €352 million ($386 million), compared with losses of €27 million ($30 million) in the year ago quarter, on revenue of €3.2 billion ($3.5 billion), up 9% from €2.9 billion ($3.2 billion). Excluding costs related to the sale of the Devices and Services business to Microsoft, there were profits of €357 million ($392 million), compared with €215 million ($236 million). For the six months there were profits of €533 million ($585 million) up from €84 million ($92 million), on turnover which rose 14% to €6.4 billion ($7.0 billion) from €5.6 billion ($6.2 billion). Without the D&S sale, profit was €556 million ($610 million), up 44% from €386 million ($424 million). The company has recovered since the sale of its handset operations. It launched a tablet this year and is looking for a partner with a view to returning to the phone business.