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Schindler Holding Q3 profit climbs 9.5% YOY

Schindler Holding AG said its third-quarter normalized net income came to CHF194.4 million, an increase of 9.5% from CHF177.5 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 7.5% from 7.4% in the year-earlier period.

Total revenue rose 7.5% year over year to CHF2.59 billion from CHF2.41 billion, and total operating expenses rose 6.9% on an annual basis to CHF2.28 billion from CHF2.13 billion.

Reported net income increased 7.0% on an annual basis to CHF229.0 million, or CHF2.01 per share, from CHF214.0 million.