Finland's Kone Q2 profits in line

HELSINKI, July 22 | Tue Jul 22, 2008 5:48am EDT

HELSINKI, July 22 (Reuters) - Finnish lift and escalator maker Kone (KNEBV.HE) posted an expected rise in its second-quarter profits on Tuesday, boosted by continuing good demand.

April-June operating profit rose to 137 million euros ($218 million) from 116 million euros a year earlier, compared with an average forecast of 139 million in a Reuters poll.

The group said it sees its full-year sales up more than 10 percent on constant currencies, while full-year operating profit would rise almost 20 percent. (Reporting by Azer Sawiris; Editing by Quentin Bryar)

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