Securitas CEO Alf Goransson speaks during a press conference in Stockholm Friday Aug. 5, 2011, to announce the company's Interim Report for January - June 2011. The world's largest security services ... more 
Securitas CEO Alf Goransson speaks during a press conference in Stockholm Friday Aug. 5, 2011, to announce the company's Interim Report for January - June 2011. The world's largest security services firm says second-quarter net profit fell by 22 percent amid lower sales and increased acquisition costs. Still, the company says it will buy Belgium's Cobelguard for 347 million kronor ($54.1 million). Net profit in the second quarter fell to 367.9 million kronor ($57.3 million) from 471.3 million kronor a year ago, with acquisition costs more than doubling to 47.2 million kronor. Sales in the quarter dropped by 5.3 percent to 14.2 billion kronor from 15 billion kronor, hurt by unfavorable currency exchange rates.(AP Photo/Scanpix Sweden/Fredrik Persson) SWEDEN OUT less 
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Associated Press | Photo By Scanpix Sweden/Fredrik Persson
Fri, Aug 5, 2011 6:55 AM EDT