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.

Read the rest of this post on the original site »

Return to: Nokia Pulls Dividend, Posts Profit