Source: www.reuters.com
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(Reuters) - Swiss elevator and escalator maker Schindler reported on Friday a drop in first-quarter net profit, but beat the company’s consensus forecast, despite supply chain woes, cost inflation, lockdowns and market contraction in China.
Net profit of 144 million Swiss francs ($151.07 million) was below the year-earlier figure of 213 million, but beat the forecast of 137.4 million francs made by analysts in a company-compiled consensus.
Reporting by Ana Cantero and Alexander Kloss; Editing by Clarence Fernandez
