STOCKHOLM (AFP) – Swedish defence and security group Saab Tuesday reported soaring annual profits in 2014 and forecast stronger arms sales in response to conflicts in the Middle East and Ukraine.Saabs net profits were up 56 percent last year to 1.16 billion kronor ($137.67 million, 122 million euros) compared with 741 million kronor the previous year, and the group said it was on course to increase revenue by five percent in 2015.Defence budgets, which have declined in the United States and Western Europe during the past couple of years, are expected to increase in the coming years, the groups chief …read more
Source: Dunya TV
