Elevator maker Kone profit beats forecast, sees China recovery

Credit: REUTERS/Fabian Bimmer

July 17 (Reuters) - Kone KNEBV.HE reported a surprise rise in second-quarter profit on Friday as demand for elevators and escalators started to recover in China.

Kone's operating profit of 315.5 million euros (360 million) topped the 246.8 million expected by analysts, Refinitiv Eikon data showed.

($1 = 0.8758 euros)

(Reporting by Tarmo Virki in Tallinn; editing by Jason Neely)

((tarmo.virki@thomsonreuters.com; +358925166112;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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