Nokia reports $950mln third-quarter net profitOctober 23, 2014 - 11:01 AMT PanARMENIAN.Net - Nokia Corp. appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. Sales growth was 13 percent compared to 2013, the Associated Press reports. But the Finnish telecommunications and wireless equipment maker's result was hit by a 2.1 billion euros impairment charge for HERE mapping services in the period. CEO Rajeev Suri said Thursday, Oct 23, that Nokia saw improvements in all three remaining operation areas, and the company predicted strong growth in its networks sector, which accounts for around 90 percent of Nokia's revenue. Sales in the period grew to 3.3 billion euros, from 2.9 billion euros a year earlier. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |