Nokia's net loss of $741 million in the second quarter of 2016 turned into a loss on a year-on-year basis | Aioiji

On August 4, 2016 Beijing time, Nokia released its financial report for the second quarter of 2016. On the whole, Nokia's situation is not ideal. It has changed from its net profit in the second quarter of 2015 to its current net loss.

According to the financial report:

According to the International Financial Reporting Standards, the net loss was 665 million euros (about 741 million dollars), and the net profit in the same period last year was 347 million euros; According to non international financial reporting standards, the net profit was 194 million euros (about 216 million dollars), 45% lower than 355 million euros in the same period last year;

According to the International Financial Reporting Standards, the operating loss was 760 million euros (about 847 million dollars), and the operating profit in the same period last year was 493 million euros; According to non international financial reporting standards, operating profit was 332 million euros (about 370 million dollars), down 33% from 496 million euros in the same period last year;

According to the International Financial Reporting Standards, its net sales amounted to 5.583 billion euros (about 6.222 billion dollars), an increase of 91% compared with 2.919 billion euros in the same period last year, and a year-on-year increase of 93% at a fixed exchange rate; According to non international financial reporting standards, net sales amounted to 5.676 billion euros (about 6.326 billion dollars), down 11% from 6.363 billion euros in the same period last year, and 9% year-on-year at a fixed exchange rate;

In accordance with International Financial Reporting Standards, Diluted loss per share was 0.12 euros (about 0.13 dollars), and earnings per share in the same period last year was 0.09 euros; According to non international financial reporting standards, diluted earnings per share was 0.03 euros (about 0.03 dollars), down 67% from 0.09 euros in the same period last year;

remarks: According to the International Financial Reporting Standards (IFRS), the performance of Alcatel Lucent is not included in Nokia's performance.