Accounts just filed by Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) Ireland see the once great telecom behemoth sliding further out of the limelight in 2012. Revenues fell 37% from €90 million to €56.2 million, leaving a pre-tax profit of just €447,000 in 2012. When you consider the firm made a pre-tax loss of €1.65 million in 2011, that might sound like good news, but the company has slashed administration costs from €7.2 million to €2.7 million and reduced the cost of selling from €84 million to €52.5 million. It’s hard to imagine where the company can make further savings. Losing the…
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