Nokia revenues in Ireland plummet by 50 per cent

The main Irish subsidiary of mobile phone firm Nokia saw its revenues drop by more than half in its most recent financial year, with the company slipping into loss making territory.

3rd February, 2013

The main Irish subsidiary of mobile phone firm Nokia saw its revenues drop by more than half in its most recent financial year, with the company slipping into loss making territory.

New accounts for Nokia (Ireland) revealed that revenues at the company fell to €90.1 million in the year ending December 31, 2011. This was down from turnover of €199.8 million a year earlier.

As a result, the company booked a net loss for the year of...

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