Source: www.reuters.com
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STOCKHOLM (Reuters) - Assa Abloy, the world’s biggest lockmaker, reported fourth-quarter operating earnings slightly above market forecasts on Friday and proposed raising its annual dividend.
The Swedish group’s operating profit grew to 4.01 billion crowns ($441.95 million) from a year-earlier 2.11 billion, against a mean forecast of 3.87 billion in a Refinitiv poll of analysts.
($1 = 9.0734 Swedish crowns)
Reporting by Anna Ringstrom; editing by Niklas Pollard
