HELSINKI: Nokia Corp, the world’s biggest mobile phone maker, has posted a 2002 fourth- quarter profit that was more than double that of a year earlier, but warned that sales in the first quarter of 2003 would be down because of a softer market.
For the final quarter of 2002, the company reported income of 1.04 billion euros (US$1.1bil), up 132% from 450 million euros previously. The latest results included 736 million euros in restructuring costs, write-downs and goodwill.
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