Nokia beats profit forecasts in Q4

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.