Finland-based Nokia has reported financial results for the quarter ended June 30, 2015. The company claims that its network equipment business has significantly improved sales and profitability for the quarter under review.

Nokia has reported that its group sales for the quarter ended June 30, 2015 stood at Euros 3.2 billion witnessing a growth of nine per cent over the corresponding period last year. Meanwhile, the company’s operating profit almost doubled to Euros 508 million in the quarter under review as compared to Euros 284 million.

However, Nokia’s second quarter attributable net profit in 2015 declined and stood at Euros 347 million as compared to Euros 2.5 billion in the corresponding quarter last year following the discontinuation of operations. Nokia’s Devices and Services unit — the unprofitable handset business — whose sale to Microsoft was completed in April 2014, contributed to net profit in the second quarter of 2014.

According to Rajeev Suri, president and chief executive officer, Nokia, the company is also working toward finalising the deal to acquire Alcatel-Lucent for Euro 15.6 billion. Earlier, in April 2015, Nokia had announced its plan to buy out Alcatel-Lucent to create the world’s largest supplier of mobile phone network equipment. The company is expected to close the deal in the first half of 2016. At the same time, Nokia continues to look for a suitable buyer for its map business, HERE.