Saab's fourth-quarter profits fall due to restructuring costs

Swedish defense and aerospace
company Saab AB posted an almost 8 percent drop in
fourth-quarter net profit Wednesday, mainly as a result of
restructuring charges.
The Linkoping-based company said its net profit came to
568 million kronor (¤60.1 million, US$72.4 million) for the
October-December period, compared with 614 million kronor
in the same period last year, the Associated Press reported.
The net profit was weighed down by 158 million kronor
(¤16.9 million, US$20.2 million) in restructuring costs,
the company said.
Revenue rose to 6.86 billion kronor (¤735 million, US$875
million), from 5.76 billion kronor in the year-ago period.