Nokia’s Q2 result shows fall in profits
July 23, 2010
Nokia has recently announced its financial result for the second quarter of this year which shows fall in the profits. The net sales of the company in Q2 was 10.005 million Euro which was 1% higher as compared to the last year quarter and 5% higher as compared to the previous quarter in the same year.
The net operating profit of Nokia Corporation was recorded at 660 million Euro which shows a drop of 20% as compared to Q1 in the same year and 15% drop when compared to the Q2 in the year 2009.
111.1 million Handsets were shipped by Nokia in this quarter which accounted for the 33% share in the global market which shows a 2 point drop as compared to Q2, last year.
The company reports shows that overall earning per share was around .11 EURO which shows a drop of 21% from the previous quarter and drop of 27% when compared with last years Q2.
