Nokia Lumia sales hit 8.8m in third quarter ahead of devices arm sale to Microsoft

Finnish tech company Nokia has seen higher profits in the third quarter of 2013, posting €118m (£101m) operating profit for the group as a whole, up from a loss of €564m in the third quarter of 2012.

Nokia chief financial officer and interim president Timo Ihamuotila said that the third quarter has been "among the most transformative in our company's history".

Shares rose as much as six per cent on the strength of the results.

Ahead of completion on a deal with Microsoft to sell off the devices and services arm of the company to the US giant, Nokia has split up its results in to Devices & Services, HERE and Nokia Solutions and Networks (NSN).

That devices arm has seen operating losses improved, down from €672m in the third quarter of last year to just €86m. Nokia say that the remaining parts of the business "have strong assets" and that they will continue to invest "for the long term benefit" of customers and shareholders.

Nokia's Lumia volumes grew by 19 per cent on a quarter-on-quarter basis to 8.8m sales in the third quarter. The company put that down to the broadened Lumia range and strong demand, especially for the Lumia 520.