Nokia resumes dividend, share buybacks as turnaround gathers pace


FILE PHOTO: A cyclist rides past a Nokia logo during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman

HELSINKI (Reuters) - Nokia on Thursday restarted its quarterly dividend and initiated a share buyback programme after reporting fourth-quarter comparable operating earnings above markets estimates as the Finnish telecoms equipment maker kept costs in check.

The company also forecast annual revenue largely ahead of projections and set a long-term target for operating margins of at least 14%, replacing its earlier 2023 target of between 11% and 13%.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!

   

Next In Tech News

OnePlus 13 debuts in Malaysia with OxygenOS 15 and other AI-enhancements, pre-order priced at RM4,399
Apple still barred from selling iPhone 16 in Indonesia despite investment deal, minister says
Realme Note 60x launches at RM349, promises enhanced durability and four years of smooth performance
Flying taxis are on the horizon as aviation soars into a new frontier
Invisible man: German startup bets on remote driver
CES 2025: This electric spoon will help you eat less salt
US opens another Tesla probe, latest focused on tech that remotely returns car to driver
Singapore passes bill that lets police control bank accounts
New labels will help people pick devices less at risk of hacking
CES 2025: Eclipsa Audio is a new 3D audio technology

Others Also Read