Telecommunications and wireless equipment maker Nokia Corp says its fourth-quarter profit has grown more than 50 per cent on a slight increase in sales, buoyed by income from licensing fees.
CEO Rajeev Suri, however, cautioned that its main networks sector in 2016 would see a slowdown in sales in some markets, especially China, with the current quarter being "quite challenging." He says the company would continue to pursue savings.
The Finnish company said on Thursday that net profit in the period was 498 million euros ($A790.23 million), up from 324 million euros a year earlier, while revenue grew three per cent to 3.6 billion euros.
Nokia Technologies saw strong growth in sales and operating profit based on licensing growth, including a contribution from the arbitration award related to its licensing agreement with Samsung.
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