Financial Daily from THE HINDU group of publications
Friday, Apr 15, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 15, 2005 |
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Corporate Results
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Power ABB Q1 net up 63 pc Our Bureau
Bangalore , April 14 ABB India has recorded a net profit of Rs 27.5 crore for the first quarter ended March 31, an increase of 63 per cent over the same period during 2004. The increase in profit on the back of a record order of Rs 894 crore for the quarter has pushed up the revenue by 38 per cent to Rs 619 core for January-March, 2005. Significant orders were received from power utilities, particularly for distribution products and solutions, as well as from leading industry customers for automation and building solutions, said a company release here on Thursday. ABB India made capacity expansion and plant upgradation and had also opened a facility in Bangalore for manufacturing its new range of ACS 550 drives.
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