Nordic Business Report-April 21, 2006-Ericsson reports 3-month operating profit of SEK7.0bn
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Swedish telecomms solutions provider Ericsson reported on Friday (21 April) an operating profit of SEK7.0bn on net sales of SEK39.2bn for the financial quarter January-March 2006.
Both operating profit and net sales for the three-month period increased, respectively from SEK6.6bn and SEK31.5bn, as compared to the corresponding period in 2005.
Earnings per share (EPS) amounted to SEK0.29, the same as in January-March 2005.
Ericsson said that the number of WCDMA subscriptions grew by 8 million to more than 55 million during the quarter.
The company maintained its view that the global mobile systems market in 2006 would show moderate growth, as compared to 2005.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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