Mobile phone maker Nokia has reported a fourth-quarter net profit of 202 million euro (£170 million) compared to a net loss of more than one billion euro a year earlier but revenue in the period fell 20% to eight billion euro from a year earlier, Belfast Telegraph said.
The ailing Finnish company gave a poor outlook saying it expects operating margins in the first quarter 2013 to be "approximately negative 2%, plus or minus four percentage points," citing increased competition as it struggles against the dominance of market leaders Samsung and Apple's iPhone.
Nokia said it sold 15.9 million smartphones in the quarter, down from 19.6 million a year earlier. The company's share price was up some 3% at 3.62 euro in Helsinki.
