Nokia profit rises, boosted by solid sales in Asia

Nokia surprised market with stronger-than expected quarterly earnings, while the the Finnish network-equipment maker upped its full-year profit guidance at its core Networks unit.

The telecommunications and wireless equipment maker, said its second-quarter profit rose 20 percent to 213 million-euro on the back of improved profitability of its key networks unit.

While net sales in the April to June period fell to 2.9 billion-euro from 3.2 billion-euro in the same period last year.

Chief Executive Rajeev Suri said the strong results show the strength of the company today while he reiterated that the revenue of the Networks unit was expected to grow during the second-half of the year.

- As of 07:10 ET, NOK1V shares rose 7.78 percent, 0.44 points to 6.1650 euro