LIC reports 16% decline in retail APE, 300 bps below that of industry
The retail APE for LIC stood at a negative CAGR of 3.8% while the sector grew at a rate of 9% over two years, with private sector companies growing at 17%.
Tag: decline
Earnings call: Nokia faces sales decline but remains confident in growth
Nokia (HE:NOKIA) Corporation (NOK) reported a 19% decrease in net sales for the first quarter of 2024, attributing the decline to a challenging spending environment. Despite the downturn, the company experienced a positive trend in order intake, particularly in its Network Infrastructure business, and anticipates returning to growth for the full year.