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Nokia ups dividend as Q4 profit increases 63%
2016-02-11 08:28:00| Telecompaper Headlines
(Telecompaper) Nokia reported revenues from continuing operations up 3 percent year-on-year in the fourth quarter to EUR 3.6 billion. The result excludes the Here division sold to carmakers. Sales growth was helped by currency effects; excluding these, revenues fell 3 percent. The Networks division posted sales down 5 percent, while the licensing business Nokia Technologies more than doubled sales, thanks to the arbitration pay-out from Samsung. Nokia's net earnings rose to EUR 0.13 per share from EUR 0.08 a year ago, driven by cost reductions. Nokia will pay a dividend of EUR 0.16 per share for 2015 and a special dividend of EUR 0.10 per share, up from EUR 0.14 last year. Nokia CEO Rajeev Suri said the company delivered on its annual targets, but the outlook appears more difficult, as LTE roll-outs in China and other markets start to slow. Following the start of operations with Alcatel-Lucent in January, Nokia said it will focus on operational and commercial discipline, ensuring synergies are delivered as quickly as possible.
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Category:Telecommunications