Finnish telecoms giant Nokia has reported net sales of 15.7 billion euros in the fourth quarter of 2007, an increase of 34 per cent on the same period in 2006.
For the full year the company reported net sales as reaching 51.1 billion euros, up 24 per cent on 2006.
Nokia said that its estimated device market share had risen slightly from 39 per cent in the third quarter to 40 per cent in the fourth quarter.
The company said it had significantly increased margins and reported a quarterly operating cash flow of 2.7 billion euros.
Nokia said its Board of Directors would propose a dividend of 0.53 euros per share for 2007, up from the 0.43 euros per share dividend in 2006.
Olli-Pekka Kallasvuo, CEO of Nokia said, Nokia strengthened its leading position in the device industry in the third quarter. In a strong market, we simultaneously gained market share and increased our operating margins. The quality and depth of our device portfolio continues to give us a good competitive edge and we believe our portfolio looks promising for next year.