Nokia reported for 2017
Nokia has published the report for the fourth quarter of 2017 and the year in General. For the fourth quarter of 2017 was the revenue of 6.7 billion euros, which is 1% less than in the same period of the previous year, but 20% more than in the previous quarter. Operating profit amounted to 1.0 billion euros, having increased by 7% during the quarter to 50%.
In General, during the year he received an income of 23.2 billion euros, which is 3% less than 2016. Operating profit for the year reached 2.6 billion euros. It on 19% more than in 2016.
Nokia CEO noted that the financial indicators observed in three of the five divisions of the company. The Networks division has managed to keep gross profit at a high level, despite the growing competition in the Chinese market.