Schindler reports profit fall and warns on China virus
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ZURICH (Reuters) - Lifts maker Schindler reported a 7.8% fall in net profit on Friday and warned that 2020 sales could be hurt as the coronavirus slows construction in China.China accounts for more than half of the world's new lift installations and the Asia-Pacific region accounts for 27% of Schindler's sales."We now have to recognise that the coronavirus ...will have implications on operations and results," the company said in a statement, adding it expected sales to grow by 0% to 5% in local..