Sina Technology News Beijing time on April 26 afternoon news, Finnish company Nokia released the first quarter of fiscal 2018 earnings on Thursday. Financial results show that the company's first quarter loss of 351 million euros (or 0.06 euros per share), compared to the same period last year The 473 million euros (or 0.08 euros per share) have narrowed. The company's adjusted profitability in the first quarter was 86 million euros (0.02 euros per share). The company's adjusted vesting profit for the same period last year was 1.96. Billion euros (0.03 Euros per share). In terms of net sales, the company’s net sales in the first quarter fell by 8% compared to the same period of the previous year to 4.92 billion Euros, compared to 5.38 billion Euros in the same period of last year. According to the fixed exchange rate, the company’s Net sales were flat compared to the same period last year.
The company said that net sales and profit margins in the first quarter were affected by the decline in net sales in the North American market. Nokia believes that in the second half of 2018, the company’s net sales and profit margin in the North American market will be significantly improved.
