Finnish Konecranes net profit falls to EUR 14.5m in Q2 2010.

(ADPnews) - Jul 22, 2010 - Finnish lifting equipment maker Konecranes Oyj (HEL:KCR1V) said today its net profit fell to EUR 14.5 million (USD 18.6m) in the second quarter of 2010 from EUR 19.6 million in the corresponding period a year earlier, meeting the company's expectations.

Konecranes' service business has now clearly improved after a slow 2009, providing a platform for further growth in 2011, CEO Pekka Lundmark said.

In addition, the company saw signs of recovery in its equipment businesses, but mostly at the smaller end of the equipment range.

"Geographically, the major western European markets are still slow, while most other parts of the …