Sony Ericsson reports Q2 operating loss of EUR2m

Fri. July 18, 2008; Posted: 09:03 AM

Jul 18, 2008 (NORDIC BUSINESS REPORT via COMTEX) -- ERICY | Quote | Chart | News | PowerRating -- Swedish-Japanese mobile phone maker Sony Ericsson reported on Friday (18 July) an operating loss of EUR2m for the second quarter 2008, down from the profit of EUR315m a year ago.

Sales in the three-month period decreased to EUR2,820m from EUR3,112m a year ago.

Number of shipped mobile units decreased to 24.4m, as compared to 24.9m in the second quarter 2007.

Sony Ericsson, headquartered in London, is a 50/50 joint venture of Sony Corporation (NYSE: SNE) and Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) (OMX Stockholm: ERIC A) (OMX Stockholm: ERIC B). The company reported sales of EUR12.92bn in 2007.

One British pound (GBP) is worth approximately 1.27 euros (EUR).

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