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Ericsson sees $394 million second-quarter profit

By WTOP Staff

STOCKHOLM (AP) — Wireless equipment maker Ericsson says second-quarter profit rose 76 percent to 2.7 billion kronor ($394 million) mainly due to higher margins on its premium products, lower restructuring charges and improved overall efficiency.

Net sales in the April to June period fell slightly to 54.8. billion kronor ($8 billion) from 55.3 billion kronor in the same period last year. Net profit was 1.5 billion kronor a year earlier.

The world’s largest supplier of mobile phone infrastructure said Friday that political unrest prevailing in parts of the Middle East and Africa continued to impact negatively on revenue in those regions. It said also that sales in Japan had reduced during the quarter.

But the Stockholm-based company reiterated that key contracts would continue boosting sales in the latter part of this year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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