Learn more

Second-quarter net losses at Swedish telecoms firm Ericsson rose to 11 billion Swedish kronor ($1.04 billion), the company announced on Friday. The figure was a jump from last year’s loss of 597 million kronor. Loss per share was 3.34 kronor, compared to 0.21 kronor loss per share a year ago. The latest results included 11.4 billion kronor impairment loss. Adjusted earnings before interest, tax and amortization (EBITA) was 4.05 billion kronor, up 10% from last year’s 3.68 billion kronor. Adjusted EBITA margin was 6.8%, compared to 5.7% a year ago.Sales declined 7% to 59.85 billion kronor from …

cuu