Swedish wireless equipment maker LM Ericsson AB says its net profit more than doubled in the second quarter, mainly thanks to a dramatic cut in costs.
Net profit for the three-month period reached 1.9 billion kronor ($258 million), up from 831 million kronor in the same three months a year ago.
Stockholm-headquartered Ericsson said revenues dropped, however, to 48 billion kronor, compared with …
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