Business Daily from THE HINDU group of publications
Tuesday, Apr 24, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Apr 24, 2007 ePaper |
|
|
|
|
|
|
|
Corporate Results
-
Engineering
Our Bureau
Mumbai April 23 Siemens has reported net profit of Rs 108.1 crore for its second quarter ended March 31, 2007 against Rs 117.8 crore reported in the corresponding previous period, marking a fall of about eight per cent. However, sales rose by 91 per cent to Rs 2,129 crore (Rs 1,115 crore). The power, automation and industrial solutions segments were the major volume drivers. While the power division generated revenue of Rs 1,186 crore, the automation segment contributed Rs 438.4 crore. Siemens, which operates in various segments such as energy, industry and buildings, IT, communication, transportation and healthcare, bagged new orders worth Rs 1,947.7 crore during the quarter compared to Rs 1,591 crore earlier, reflecting a jump of 22 per cent. Its unexecuted order value at the end of the quarter stood at Rs 10,883.9 crore. Mr J. Schubert, Managing Director, said that base businesses grew by over 41 per cent. "Our strategy to participate in large infrastructure projects resulted in several mega order wins, which generate a higher volume of profits, but under tighter margins," he told newspersons on Monday.
Picks stake in iMetrix
Siemens also announced that it is acquiring 77 per cent stake for an undisclosed sum in Chennai-based iMetrix Technologies, which is engaged in providing electronic security, safety and building automation systems. The acquisition is expected to create synergies for Siemens Building Technologies (SBT), a division that operates in the areas of building automation, heating and ventilation, fire safety, security systems and access control.
More Stories on : Engineering | Siemens Ltd | Electrical Goods
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|