Market Overview

Schindler Posts Decline In 2011 Profit, Expects Increase In 2012 Profit


Schindler Holding AG (OTC: SHLAF) posted a fall in 2011 profit and projected a rise in its net profit in 2012.

Schindler's revenue dropped 4.1% to CHF7.85 billion, from CHF8.19 billion, in the year-ago period. Its net profit declined 14.1% to CHF611 million from CHF711 million.


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