Assa Abloy profit falls pandemic slams Asian business

STOCKHOLM (Reuters) - Swedish lockmaker Assa Abloy said on Tuesday its operating earnings and like-for-like sales fell in the first quarter as the coronavirus outbreak hit its Asian business, but had yet to fully impact other regions.The world's biggest lockmaker said its operating profit in January through March fell to 2.75 billion Swedish crowns ($274 million) from a year-ago 3.25 billion, while like-for-like sales contracted 3%.The results were preliminary, with its full quarterly report..