BERLIN (Reuters) - Mobile communications equipment maker Ericsson on Wednesday reported a bigger-than-expected rise in first-quarter revenue and said it would see strong growth in North America as its position in the global networks market improves.
Today, Ericsson released its first quarter financial report for the 2019 fiscal year ending March 31.
According to the financial report, Ericsson's revenue in the first quarter was 48.906 billion Swedish kronor (about 5.292 billion US dollars), with a gross profit margin of 38.4%, an increase of 13% from 43.411 billion Swedish kronor in the same period last year, and operating profit of 4.9 billion Swedish kronor (about 530 million US dollars). The net profit attributable to Ericsson's parent company shareholders was 2.317 billion Swedish kronor (about 251 million US dollars), while the net loss in the same period last year was 837 million Swedish kronor.
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