Swiss Ericsson profits climb 59% in Q2 on mobile broadband demand

( – Wireless equipment maker LM Ericsson says its profits rose 59 percent in the second quarter, boosted by strong demand for mobile broadband networks. Ericsson’s net profit in the April-June period was 3.2 billion kronor (US$490 million), up from 2.0 billion kronor in the same period last year. Sales grew 14 percent to 54.8 billion kronor, from 48.0 billion kronor in the second quarter of 2010.

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