Saturday 30 July 2011

Siemens Profit Flat at . 155 crore

MUMBAI Siemens reported a net profit of . 155 crore for the quarter ended June, almost flat from a year ago as high raw material cost dented the engineering solutions provider’s profitability. Its revenues rose 24% year-on-year to . 2,779 crore, driven by growth in three of its key businesses— industrial products and services, energy and healthcare business.

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