Nokia profits up 85 per cent

18 Oct 2007

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Nokia's profits are up to £1.09bn

Nokia's net profits leapt to €1.56bn (£1.09bn) in the third quarter of 2007, up 85 per cent on last year.

Overall sales rose 28 per cent to €12.9bn (£9.01bn) during the period with revenue from mobile phones totalling €6.13bn (£4.28), a rise of three per cent compared with 2006.

Further reading

Net turnover from enterprise solutions rocketed 105 per cent to €526m (£367m), driven by strong sales of the E65 smartphone.

Nokia now expects to have sold 1.1bn mobile devices by the end of 2007, a growth of 12 per cent on estimates for last year.

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