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Nokia profits beat expectations

Finnish mobile phone group Nokia reported a 43% rise in pre-tax profits for the third quarter to €1.34bn against €937m in 1999, beating analyst’s forecasts of €1.06bn.

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LONDON (Brand Republic) – Finnish mobile phone group Nokia reported a 43% rise in pre-tax profits for the third quarter to €1.34bn against €937m in 1999, beating analyst’s forecasts of €1.06bn.

The company’s mobile phone division recorded a 59% rise in sales to €5.46bn contributing to group sales of €7.58bn, a 50% increase on the same period last year.

Nokia posted its results a week early in response to recently troubled European technology stocks. Shares in the company rose 16% to €41.25 on the Swedish stock exchange in Thursday’s early morning trading.


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