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Elevator maker Kone beats Q4 profit forecasts

Jan 28 (Reuters) - Finland’s Kone reported a bigger-than-expected rise in fourth-quarter profit on Thursday, saying demand for new elevators and escalators continued to grow in China.

Kone’s quarterly underlying operating profit rose 4% to 381 million euros ($461 million) versus 371 million expected by analysts, Refinitiv Eikon data showed.

$1 = 0.8262 euros Reporting by Tarmo Virki in Tallinn; editing by Jason Neely

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