Financial Daily from THE HINDU group of publications
Sunday, Jan 30, 2005
Financial Daily from THE HINDU group of publications Sunday, Jan 30, 2005 |
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Corporate Results
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Engineering Siemens turnover, net up Our Bureau
MUMBAI: Siemens has reported a 90 per cent rise in net profit for the quarter ended December 31, 2004 at Rs 31.4 crore. The company's turnover during the quarter was Rs 503.1 crore, representing an increase of 64 per cent as compared to the corresponding quarter last fiscal. The chief drivers of growth and volume were the power, automation and industrial solutions segments. The new orders stood at Rs 817 crore. Commenting on the quarter result, Mr J. Schubert, Managing Director, Siemens Ltd, said: "We have been able to consistently improve our performance quarter-by-quarter over the last two years and this trend is reflected in our results. The healthy growth trends in the Indian economy have given a positive impetus to the industrial sector and infrastructure businesses." Siemens Ltd is the flagship company of the Siemens Group in India.
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