Financial results of the company Nokia in the second quarter are not in line with expectations, and is pinning its hopes on the 5G

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Financial results of the company Nokia in the second quarter of this year were not up to the expectations of analysts so that the operating profit of the company of about 334 million euros, which represents a decrease by 42 percent compared with the third quarter of last year note that analysts were expecting 373 million euros. The company intends to attract money from 5G to improve their financial performance in the second half of this year.

The Department of networks at Nokia, which is the largest section in the Finnish company proceeds of $ 4.7 billion USD, but it has achieved only meager earnings amounted to 69 million euros. Most of the profits from section Nokia Technologies responsible for the licensing of patents, which has 292 billion euros of the profits from net sales amounted to 361 million euros. This represents an increase of 27 percent compared with the same period last year.

Use telecommunications companies of America to launch 5G, believes Nokia is that this will help them to improve their financial performance in the last quarter of this year. The company still believes it will reach its goal of reducing the 1.2 million euros of its annual expenditures, which will help them also to achieve profitability.

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