Elevator maker Kone profit beats forecast, sees China recovery

Credit: REUTERS/Fabian Bimmer

Kone reported a surprise rise in second-quarter profit on Friday as demand for elevators and escalators started to recover in China.

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.

In This Story

SCHP

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More