Growth in China key to Finnish elevator maker Kone's strong Q3 results


  • World
  • Friday, 23 Oct 2020

HELSINKI, Oct. 22 (Xinhua) -- Finland's Kone Corporation, a leader in the elevator and escalator industry, reported its July-September results on Thursday, noting that its Chinese market showed a notable growth.

Kone reported a 333.1-million-euro (394 million U.S. dollars) operating income in the third quarter (Q3) of 2020, up from 314.2 million euros in the same period of 2019. This performance exceeded the expectations of analysts quoted by the Finnish business daily Kauppalehti.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Several killed in hotel blast in Kabul, officials say
Chile wildfires leave 19 dead amid extreme heat as scores evacuated
Ukraine's election chief warns against a rushed post-war vote
Nigerian airstrikes kill scores of militants in Borno, military says
Syrian troops consolidate hold after abrupt Kurdish withdrawal
Russia hits energy system in several regions of Ukraine, Kyiv says
Analysis-A year into his return, Trump wields executive power with few restraints
Prince Harry and Elton John's lawsuit against Daily Mail publisher to begin
One killed in Czech town hall shooting, gunman also dead, police say
Putin’s special envoy Dmitriev to travel to Davos, meet members of U.S. delegation, sources say

Others Also Read