Nokia swings to profit, Q4 net at 255 mn euro

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Nokia posted net profit of 255 million euro in quarter ended December 2012 helped by restructuring efforts. (Agencies) Nokia posted net profit of 255 million euro in quarter ended December 2012 helped by restructuring efforts. (Agencies)
SummaryNokia posted net profit of 255 mn euro in qtr ended Dec 2012 helped by restructuring efforts.

as a lower Average Selling Price (ASP) in mobile phones, partially offset by a higher ASP in smart devices," Nokia said.

Last year, the company, as part of its restructuring process, had also announced the closure of its facilities in Ulm (Germany) and Burnaby (Canada). It also sold its luxury brand Vertu to a private equity firm, EQT.

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