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Mumbai, Jan. 31 Siemens Ltd clocked a 101 per cent increase in its net profit for the quarter ended December 31, 2007 to touch Rs 197.05 crore against Rs 98.07 crore in the same quarter last year.

During the quarter, the company’s sales turnover reached Rs 1,914.42 crore (Rs 1,626.90 crore), representing an 18 per cent jump. The major contributors to the increase in sales were the company’s power, automation and industrial solutions and services businesses.

Dr Armin Bruck, Managing Drector, said: “Our first quarter results have been satisfactory and this puts us in a good position to sustain our growth plans. A renewed focus on the sectors of industry, energy and healthcare will give us an added advantage in the market.”

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