NSN reports Q2 operating profit of 136 million euros

Advertisement
By Press Trust of India | Updated: 8 August 2013 15:56 IST
Global telecom equipment maker Nokia Solutions and Networks (NSN) Thursday reported an operating profit of 136 million Euro (about USD 181.57 million) for the second quarter of 2013, on the back of reduction in operating expenses and production overheads.

The company had reported an operating loss of 225 million Euro in the corresponding period last year.

"Our fourth consecutive quarter of strong profitability is testament to excellent performance in both our mobile broadband and global services segments," NSN Chief Executive Officer Rajeev Suri said in a statement.

The company's net sales were, however, down 14.7 percent to 2.758 billion Euro for the reported quarter as compared to 3.233 billion Euro in the same period last year.

Advertisement

The company attributed the decline in sales partially due to divestments of businesses not consistent with its strategic focus, as well as the exiting of certain customer contracts and countries.

"Excluding these two factors, our net sales in the second quarter of 2013 declined by approximately 11 percent due to reduced wireless infrastructure deployment activity, which affected both mobile broadband and global services," it added.

The net sales for mobile broadband were down 10.1 percent while global services were down 14.7 percent in the reported quarter.

Advertisement

On geographical basis, the decline in net sales was primarily due to Asia, Middle East, Africa, Europe and Latin America.

In July this year, Nokia Corporation and Siemens AG had announced that they have entered into a definitive agreement pursuant to which Nokia acquires Siemens' entire 50 percent stake in NSN.

Advertisement

On August 7, 2013, the transaction has been completed. In accordance with this transaction, the Siemens name is being phased out from Nokia Siemens Networks' company name and branding. The new name and brand is Nokia Solutions and Networks which is wholly owned by Nokia and will continue to be consolidated by Nokia.

 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Advertisement

Related Stories

Popular Mobile Brands
  1. Top Deals on Gaming Laptops During Amazon Great Republic Day Sale
  1. World’s Biggest Alien Search Enters Final Stage With 100 Mystery Signals
  2. NASA Pulls Out Artemis II Rocket to Launch Pad Ahead of Historic Moon Mission
  3. Shambhala OTT Release: When, Where to Watch the Telugu Supernatural Horror Film
  4. AGS 28 OTT Release: Know Where to Watch This Tamil Entertainer Starring Arjun, Abhirami
  5. Avatar: Fire and Ash OTT Release: When, Where to Watch James Cameron’s Epic Sci-Fi Fantasy
  6. OpenAI to Begin Testing Ads in ChatGPT, Says Responses Will Not Be Influenced
  7. Gurram Paapi Reddy OTT Release: When, Where to Watch This Telugu Crime Comedy Thriller
  8. Hypothetical ‘Dark Stars’ Could Rewrite Early Cosmic History, Research Suggests
  9. Honor Magic 8 Pro Air Key Features Confirmed; Company Teases External Lens for Honor Magic 8 RSR Porsche Design
  10. Lava Blaze Duo 3 India Launch Date Announced; Colour Options Teased Ahead of Debut
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.