NOK’s H1 net income drops 80% y/y to USD46.3 million
Company adjusts full-year financial outlook
NOK’s net income dropped by 80.1% year-over-year (y/y) to JPY4.7 billion (USD46.3 million) in the first half (H1) ended 30 September 2016, the Japanese supplier said in a press release. The company also recorded 61.4% y/y decline in operating income to JPY11.3 billion. NOK witnessed sharp decline in net income and operating income, primarily due to 12.7% decline in net sales JPY335 billion.
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