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Tuesday 20 August 1996 23:02 BST
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Ericsson, the Swedish telecommunications group, increased profits by 31 per cent to Swedish kroner 4.2bn in the six months to June. Order bookings increased 20 per cent to SKr63.3bn due to strong performances from radio and public telecommunications.

Ericsson said cashflow was still negative due to continued expansion and increased demands for customer financing. Some operations may be sold as a result.

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