Nokia profit substantially up on new operating model and 5G sales

Nokia reported net profit of 539 million euros for the April-June period (PA)

Wireless network maker and 5G technology provider Nokia reported substantially improved second-quarter profit on Thursday, citing the help of its new operating model and booming sales of 5G equipment.

The company, based in Espoo, Finland, reported net profit of 539 million euros (£459m) for the April-June period, up 71% from 316 million euros a year earlier.