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Company News, Business, Economy

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Nokia Q3 profit at $419m

Nokia CEO Pekka Lundmark stressed the uncertainty in the markets.
By TRENDS Desk
October 20, 2022 11:15 pm
  • Finn company Nokia reported a 22-percent rise in profit to $419 million
  • Nokia CEO Pekka Lundmark said the quarter demonstrated that he was delivering on the ambition to accelerate growth.

STOCKHOLM, SWEDEN – Finn telecom giant Nokia reported lower-than-expected profits for the third quarter on Thursday, sending its shares diving as the company stressed rising uncertainty in global markets.

Finn company Nokia reported a 22-percent rise in profit to 428 million euros ($419 million) – well short of the 514-539 million euros forecast by analysts.

Nokia CEO Pekka Lundmark said the quarter demonstrated he was “delivering on our ambition to accelerate growth,” but also stressed the uncertainty in markets.

“As we start to look beyond 2022, we recognize the increasing macro and geopolitical uncertainty within which we operate,” Lundmark said.

Nokia reported a 16-percent rise in net sales to US$6 billion (6.2 billion euros).

Nokia’s net sales in Russia declined by approximately 70 million euros.

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