Nordic Business Report-April 25, 2006-KONE Corporation reports 3-month operating profit of EUR51.7m
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Finnish engineering group KONE Corporation reported on Tuesday (25 April) an operating profit of EUR51.7m on sales of EUR735m for the financial quarter January-March 2006.
Both operating profit and sales for the three-month period increased, respectively from EUR39.0m and EUR649.3m, as compared to the corresponding period in 2005.
KONE's target is to achieve an increase of some 10% in 2006 net sales, as compared to the 2005 pro forma figure. The operating income (EBIT) target is to achieve growth of some 20%.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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