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…
Nokia Corporation (ADR) (NOK) Market Share Continues To Slide
Kieran Ball
Kieran is a journalist and copywriter with a track record in excess of 15 years' in advertising, marketing and journalism. My work has appeared in TV, radio, press, online and almost every other conceivable medium. Kieran is based out of Ireland.
