Nokia second-quarter profit climbs, confirms full-year outlook

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DPA

Finnish telecom equipment supplier Nokia increased sales and profits in the second quarter, boosted by robust growth in its network infrastructure business. Group sales rose by 11% year-on-year to just under €5.9 billion ($6 billion), the company reported on Thursday. Adjusted for currency exchange-rate effects, the increase was 3%. Adjusted operating profit increased by %5 to €714 million despite headwinds from supply chain bottlenecks. Net profit was €460 million, up 31%. Nokia is on track to meet its targets for the current year, it said. Currently, the company expects currency-adjusted sal…

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