Nokia Corp. raised its projections for the entire current year as a result of an increase in mobile phone profitability during the third quarter.
The corporation said today, Thursday, that its third-quarter profits rose by 22% to 428 million euros (418.6 million dollars) from 351 million euros the previous year. When compared to 0. 06 euros a year prior, the stock’s revenues rose by 33% to 0. 08 euros.
Comparing 5. 24 billion euros to 6. 24 billion euros, net sales increased by 16%.
4 billion euros the previous year.
On the basis of currency stability, net sales projections for the cash year 2022 have not altered.
Sales will be between 23.9 and 25.1 billion euros, compared to the company’s earlier prediction of sales between 23.5 and 24.7 billion euros.
With regard to after 2022, Nokia said: “We expect to record growth based on the stability of the currency in our markets during the year 2023. “.
Third-quarter “Nokia” profits grew by 22%.
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