Business & Investment

Nokia sales in India fall 6% in the July-September quarter

Telecom gear maker Nokia fell 6% in India sales to € 251 million in the third quarter of 2021 on Thursday. The company recorded sales of € 268 million in the year-ago quarter.

Nokia has also reduced expectations for 4G and 5G businesses from India, Asia Pacific, the Middle East and Africa.

It also expresses uncertainty about recovery schedules for markets affected by COVID, including India.

Nokia mentioned the extent and duration of the impact of COVID, especially in certain countries, including India, where the pandemic is deteriorating, and the pace and shape of the post-pandemic economic recovery.

At the global level, Nokia’s reporting operating profit increased 43% to € 502 million in the third quarter of 2021 from € 350 million in the year-ago quarter.

“From a regional perspective, North America, Asia Pacific and Latin America have achieved strong growth, but have been partially offset by declines in Europe, the Middle East, Africa, Greater China and India,” Nokia said in a statement. rice field.

The company’s global net sales increased by 2% from € 5.29 billion in the corresponding quarter of 2020 to € 5.39 billion in the September quarter.

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Nokia sales in India fall 6% in the July-September quarter

https://www.businesstoday.in/latest/corporate/story/nokia-sales-in-india-slump-6-in-jul-sept-quarter-310775-2021-10-28?utm_source=rssfeed Nokia sales in India fall 6% in the July-September quarter

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