Related News
Home » Business » Manufacturing
Sales rise lifts profit at Siemens
Source: Agencies |
November 11, 2011, Friday
|
Print Edition
Print Edition
GERMAN industrial equipment maker Siemens AG says it made a net profit of 1.23 billion euros (US$1.66 billion) in its most recent quarter as sales increased in Asia.
That represents a rebound from a net loss of 396 million euros in the same quarter a year ago, when the company had a large one-time charge at its health care division.
Revenues rose 5 percent to 20.35 billion euros, boosted by a 12 percent increase in Asia. The company said yesterday sales grew across all regions and saw particularly strong growth in emerging markets.
Orders, however, declined 2 percent and the company forecast "moderate" sales growth.
The company raised its dividend to 3.00 euros per share from 2.70 euros per share last year.
Across Siemens' divisions, its fossil-fuel power generation unit raised earnings by 10 percent to 407 billion euros.
That represents a rebound from a net loss of 396 million euros in the same quarter a year ago, when the company had a large one-time charge at its health care division.
Revenues rose 5 percent to 20.35 billion euros, boosted by a 12 percent increase in Asia. The company said yesterday sales grew across all regions and saw particularly strong growth in emerging markets.
Orders, however, declined 2 percent and the company forecast "moderate" sales growth.
The company raised its dividend to 3.00 euros per share from 2.70 euros per share last year.
Across Siemens' divisions, its fossil-fuel power generation unit raised earnings by 10 percent to 407 billion euros.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
