Sales slide takes Ericsson net profits down 12 percent

Newseze Wire·Tue, Jul 14, 7:28 AMWire: The Local Sweden

Swedish telecoms giant Ericsson reported a 12 percent fall in second quarter net profit to 4.1 billion kronor (370 million euros), affected by a 6 percent decline in sales and rising component costs.

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Swedish telecoms giant Ericsson reported a 12 percent fall in second quarter net profit to 4.1 billion kronor (370 million euros), affected by a 6 percent decline in sales and rising component costs. The story falls into Newseze's world desk and is being actively tracked by our editorial team. Calm framing, primary-source references, and respectful tone — every Newseze story is scored for drama and conspiracy before it reaches you. Worth knowing: Newseze refreshes its newsroom every hour and flags fast-moving local and breaking news as it develops. Watch this page for updates. Reporting: The Local Sweden.

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Sales slide takes Ericsson net profits down 12 percent

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