Ericsson post third quarter losses

Ericsson posted a big loss for the third quarter and said that it does not expect a recovery in the near future.

Ericsson post third quarter losses
Tue, 30 Oct, 2001 - 08:10

Ericsson posted a big loss for the third quarter and said that it does not expect a recovery in the near future.

The company reported a pretax loss of 5.8bn kronors (US$548.7m) compared with a profit of 4.1bn kronors a year ago.

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CourtsHeathrowPlace: IrelandPerson: Lars RamquistPerson: Michael TreschowOrganisation: EricssonOrganisation: Electrolux
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