Nokia hails ‘prudent approach’ in China after better-than-expected results

Nokia 8 phone

Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue.

The Espoo, Finland-based maker of new-generation 5G mobile and other networks said on Friday that its net profit for the April-June period was up 22% at 316 million euros (376 million US dollars).