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Company News, Business, Economy

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

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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