Schindler Q1 Net Profit Declines 15%
Schindler Holding AG (OTC: SHLAF) reported a 15% fall in its first-quarter profit.
In the first quarter, Schindler posted a 5.4% rise in orders received to CHF2.19 billion and a 3.1% surge in revenue to CHF1.90 billion. In local currencies, orders received surged 9.5% and revenue gained 7.3%.
Schindler's elevators and escalators business posted an operating profit (EBIT) of CHF224 million.
Schindler's net profit fell to CHF156 million, versus CHF183 million, in the previous year.
Posted-In: profitEarnings News
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