Nokia does well but frets about China
 

Former rubber wear maker Nokia reported better than expected profits for its telecom network equipment business but warned that its Chinese business might be a bit slow this year.

Nokia’s network gear business, which accounts for more than 90 percent of its stand-alone sales, reported fourth-quarter operating profit margin of 14.6 percent, compared with 14 percent a year earlier.

Net sales for the Nokia group decreased three percent in constant currency terms to $4.08 billion, it said.

Nokia last month started to combine its operations with Alcatel-Lucent, and this week it said it holds 91 percent of Alcatel shares.

Alcatel-Lucent said in a statement that its fourth-quarter adjusted operating profit grew to $632.86 million helped by stronger sales at the end of the year, notably in software.

Revenue over the period rose 13 percent to $7.70 billion.

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