STOCKHOLMEricsson AB fell to a hefty net loss in the first quarter after booking provisions, write-downs and restructuring costs of 13.4 billion Swedish kronor ($1.51 billion), but said a more focused business strategy should see the company significantly improve its profitability next year.
The supplier of wireless-communications gear reported a net loss for the three months ended March 31 of 10.9 billion kronor compared with a profit of 2.1 billion kronor a year earlier, missing analysts expectations for a loss of…
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