Nokia swings to profit, Q4 net at 255 mn euro
PTI: Helsinki, New Delhi, Jan 24 2013, 21:24 IST
flexibility, the Board proposes that no dividend payment will be made for 2012. Nokia's fourth quarter 2012 financial performance combined with this dividend proposal further solidifies the company's strong liquidity position," the statement said.
The company sold 335.6 million mobile devices in 2012, a decline of 20 per cent from 417.1 million units in 2011.
The net sales for devices & services declined 34 per cent to 15.68 billion euro for the year from 23.94 billion euro in previous year.
"The decline in devices & services net sales in 2012 resulted from lower volumes in both smart devices and mobile phones as well 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.
Previous Story Research In Motion rolls out BlackBerry Enterprise Solution 10 Next Story Chinese woman with houses worth USD 159 million faces probe
Reader's Comments| Post a Comment
Be the first to comment.
