October 24, 2019 / 4:49 AM / a month ago

Schindler Q3 profit rises on strong Asia-Pacific, China growth

Oct 24 (Reuters) - Swiss elevator and escalator manufacturer Schindler said on Thursday its third-quarter net profit rose 6.1% from previous year to 244 million Swiss francs ($246 million), citing strong growth in the Asia-Pacific region, supported by positive business development in China.

Sales during the July to September period were 2.82 billion francs, which is 5.2% more than 2.68 billion francs reported in the previous year.

The company reiterated its 2019 guidance of revenue growth of between 4% and 6% in local currencies, and net profit reaching the range of 900 million francs to 940 million francs. ($1 = 0.9904 Swiss francs) (Reporting by Bartosz Dabrowski; Editing by Christian Schmollinger)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below