Mobile

Nokia Pulls Dividend, Posts Profit

Published on January 24, 2013
by Sven Grundberg

Nokia Corp. on Thursday said it would scrap its dividend to buy itself more time to stage a turnaround, as it posted a return to profit in the fourth quarter following a string of losses.

The Finnish handset maker, once the world leader, posted a €202 million ($269.0 million) net profit in the quarter, a considerable improvement from the €1.07 billion loss it recorded a year earlier.

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