Nokia posts euro349 million profit in Q1

[April 22, 2010]  HELSINKI (AP) -- Nokia Corp. says first-quarter net profit surged to euro349 million ($467 million) from euro122 million a year earlier with strong growth in smart phone sales.

The world's top mobile phone maker says net sales were up 3 percent at euro9.5 billion in the January to March period.

CEO Olli-Pekka Kallasvuo said Thursday that Nokia's smart phone shipments had grown 50 percent year-on-year.

The Finland-based company saw handset sales grow 8 percent in the quarter, to euro6.7 billion, compared to 2009.

[Associated Press]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.