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Sony Ericsson net up USD28.4m in profit

Mobile phone maker Sony Ericsson on Friday posted a profit of EUR21 million (USD28.4 million) for January-March on the back of new product launches and cost savings programmes.

The company made a net loss of EUR293 million in the same period last year. "We are pleased to see the positive impact of both the launch of new products and the business transformation programme improving the company’s results," Sony Ericsson President Bert Nordberg says.

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(Source: The Financial Express)