Nokia posts first quarterly net profit in 18 months
- Finland: Saturday, January 26 - 2013 at 06:03
Nokia has reported a net profit of €202m ($ 269m) in the fourth quarter, its first quarterly profit for 18 months, AFP has reported. In the three months ending December 31, Nokia made a net profit of 202 million euros compared to a loss of €1.07bn in the same quarter a year ago, when results were hit by a goodwill impairment charge in its Location and Commerce unit. "We are very encouraged that our team's execution against our business strategy has started to translate into financial results," said chief executive, Stephen Elop.
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