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| ALSO Group profit up in third quarter of 2009 Swiss elevator and escalator maker Schindler said its computer wholesale business, ALSO, made a net profit of CHF 15 million in the first nine months of 2009 (compared with a loss of CHF -0.3 million in 2008). Continued operations (excluding Sweden and Poland) increased net income by 25% to CHF 14.5 million (2008: CHF 11.6 million). Consolidated net sales stood at CHF 2964 million (2008: CHF 3451 million), and were down 14% (-10% in local currencies). Total assets on reference date amounted to CHF 761 million (CHF 333 million, or 30%, less than in 2008), while the equity ratio stood at 26% (previous year 19%). In view of this good result in the third quarter, and excluding unforeseeable circumstances, ALSO has revised its net profit forecast upwards from CHF 15 million to slightly in excess of CHF 20 million. write your comments about the article :: © 2009 Construction News :: home page |