Nokia posts Q4 and full year 2007 financial results

Nokia logoNokia has posted financial results for the fourth quarter of 2007 as well as the full year.

Net sales for Q4 reached €15 billion, up from €11 billion in the previous year’s quarter, while total year sales were up 24% to €51 billion. Mobile phone sales went up only 5% to €7.4 billion, or 1% to €25 billion for the year. All in all, net profits were up approximately 50% to €1.8 billion for the quarter, or about 75% to €7.2 for the year.

Nokia’s board of directors will propose a dividend of €0.53 per share for 2007.

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