SKF’s Q1 net income drops 2.6% y/y to USD133.4 million
Expects demand to be relatively lower during second quarter compared with 2015
SKF reported a 2.6% year-over-year (y/y) decline in net profit to SEK1.1 billion (USD133.4 million, 31 March 2016) in the first quarter ended 31 March 2016, the Sweden-based bearings supplier said in a press release yesterday (28 April).
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