Nokia sees Q2 net loss deepen four-fold to 1.41 bn euros

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Nokia posted a deep second quarter net loss on Thursday of 1.41 billion euros ($1.74 billion), four times more than during the same period a year earlier and more than double the loss expected by analysts.

The Finnish company which is struggling with an extensive restructuring, acknowledged that the three-month period which also saw sales plunge by 19 per cent year-on-year, had been 'a difficult quarter'.