July 17, 2020 / 5:42 AM / 18 days ago

Finland's Wartsila reports halving in Q2 profits

July 17 (Reuters) - Finland’s Wartsila on Friday reported a 51% drop in quarterly operating profit, as demand for its ship technology and power plants slumped due to the coronavirus outbreak.

Like-for-like operating profit for April-June fell to 55 million euros ($62.6 million), but still above the 44.6 million expected by analysts in a Refinitiv poll.

$1 = 0.8786 euros Reporting by Tarmo Virki in Tallinn Editing by Shri Navaratnam

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