Ericsson reports net profit rise

Wireless equipment maker LM Ericsson AB said its net profit rose by 4% in the third quarter boosted by increased market share.

Thu, 20 Oct, 2011 - 08:04

Wireless equipment maker LM Ericsson AB said its net profit rose by 4% in the third quarter boosted by increased market share.

Ericsson reported a third-quarter net profit today of 3.8 billion kronor (€416m), up from 3.7 billion kronor (€404m) in the same period a year ago.

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