Finnish telecom major Nokia has narrowed its loss to 104 million euro (about Rs 880 crore) for the third quarter to September from 934 million euro (Rs 7,901.1 crore) in the same period a year ago.
The net sales of the group, however, continued to decline. The group posted 22 per cent dip in net sales to 5,662 million euro (Rs 47,917 crore) during the reported quarter from 7,239 million euro (Rs 61,259 crore) registered in corresponding period last fiscal.
“The third quarter was among the most transformative in our company’s history. We became the full owner of NSN and we agreed on the sale of our handset operations to Microsoft, transactions which we believe will radically reshape the future of Nokia for the better,” Nokia CFO and interim President Timo Ihamuotila said in a statement.
Keywords: Nokia Q3 result