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|Nokia Makes a Profit of Euro 375 Million in 4Q|
| 5:05 pm on Jan 24, 2013 (gmt 0)|
|Nokia, the struggling mobile phone maker, swung back into profit in the last three months of 2012. |
But Nokia said the trading outlook was tough and that no dividend would be paid, the first time in 20 years that shareholders have missed out.
Nokia Makes a Profit of Euro 375 Million in 4Q [bbc.co.uk]
|The company finished 2012 with net cash of 4.4bn euros, down 22% from a year earlier. |
|Ben Wood, a research analyst at CCS Insight said that on the face of it, this was positive for Nokia in isolation. |
"But you have to take the 4.4m Lumia smartphones that they sold in the context of the 48m that Apple announced last night, and you can see that they have a long journey ahead."
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