Nokia logs strong cash position in 2013
(MENAFN) Finland-based Nokia's operation profit continued its downward trend last year, but it regained a solid cash position after it sold its mobile phone business to Microsoft, Xinhua reported
Nokia gained USD374 million of operating profits in the fourth quarter of 2013, increasing 5 percent from the quarter before
The company"s cash position was strengthened last year as it grossed USD12.2 billion, of which USD3.8 billion was contributed by NSN
Nokia's Chairman and interim CEO said: "The fourth quarter of 2013 was a watershed moment in Nokia's history. I am pleased with the progress we have made thus far in our strategy evaluation and excited by the opportunities ahead for each of our three continuing businesses: NSN, HERE and Advanced Technologies.
Nokia gained USD374 million of operating profits in the fourth quarter of 2013, increasing 5 percent from the quarter before
The company"s cash position was strengthened last year as it grossed USD12.2 billion, of which USD3.8 billion was contributed by NSN
Nokia's Chairman and interim CEO said: "The fourth quarter of 2013 was a watershed moment in Nokia's history. I am pleased with the progress we have made thus far in our strategy evaluation and excited by the opportunities ahead for each of our three continuing businesses: NSN, HERE and Advanced Technologies.
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