Nokia, which ranks third in the global network gear market, said the unit's core operating profit rose to €470mil (US$530mil) in the fourth quarter, or 14% of sales, from €397mil in the previous quarter - AFP Photo.
HELSINKI: Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in China and North America.
Nokia, which ranks third in the global network gear market, said the unit's core operating profit rose to €470mil (US$530mil) in the fourth quarter, or 14% of sales, from €397mil in the previous quarter.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
