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Ericsson reported a near-tripling of its third-quarter net profit, boosted by a significant one-time gain from the sale of its iconectiv business, even as revenue declined.
Ericsson has finalized the sale of its iconectiv business to Koch Equity Development, completing a divestment aimed at sharpening its focus on its core telecommunications network equipment business.
Ericsson swung to a second-quarter profit as cost-cutting measures boosted margins, even as the Swedish telecommunications-equipment maker's revenue declined.
| 14 Oct 2011 |
| Ericsson reports second quarter results | 21 Jul 2011 |
| ST-Ericsson reports second quarter 2011 financial results | 20 Jul 2011 |
| Sony Ericsson reports second quarter 2011 results | 15 Jul 2011 |
| ST-Ericsson announces new cost savings plan | 23 Jun 2011 |