ERICSSON'S PRE-TAX PROFITS UP 31% IN FIRST QUARTER.
Swedish telecommunications giant announced on April 29 that it had boosted its pre-tax profits by 31% in the first quarter of this year to 2.637 billion Kronor (USUSD342 million) compared with Skr 2.020 billion (USD262 million) in the first three months of 1997. Sales turnover was up 25%, to Skr 38.356 billion (USD4.981 billion) from Skr 30.705 billion (USD3.987 billion). However, operating profits were up by only 16%, to Skr 2.869 billion (USD373 million) compared with Skr 2.477 billion...
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