NOKIA, Finland (Jan. 18, 2011)—Nokian Tyres P.L.C. more than doubled its operating profit last year and boosted sales nearly a third, helped by a stronger-than-expected fourth quarter performance.
Nokian's sales jumped 32 percent last year to $1.4 billion while earnings climbed to about $290 million, or roughly 21 percent of sales.
The estimated figures are unaudited. The company said it will publish its financial results for fiscal 2010 on Feb. 9.