Nokia Net Rises 43% On Strong Q2 Sales

24 July 2006

ESPOO, FINLAND - Cellphone colossus Nokia unveiled second-quarter net profit up by 43% to €1.14 billion ($1.44bn; £779.0m), driven by strong sales of high-end mobile phones that incorporate cameras, music players and online access. Revenues rose 22% to €9.81bn.

The results included a gain of €276 million from a settlement related to the sale of Turkish mobile-telecommunications operator Telsim.

Growth was particularly good in China and the Asian-Pacific region, where unit sales volume was up 58% and 79%, respectively. North American volume fell 13% to 5.2 million.