Nokia posts forecast-beating profit of $1.02 billion, expects ‘another year of growth’

Nokia Corp. on Thursday posted a forecast-beating fourth-quarter net profit as demand for mobile networks and network infrastructure remained strong while demand trends remain solid looking into 2023.

The Finnish telecommunications company FI:NOKIA NOK said its mobile networks unit delivered 3% growth in the quarter on a constant-currency basis, while the operating margin declined on year as expected due to changes in regional mix.

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