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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Siemens AG | TG:SIE | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 175.64 | 175.64 | 175.64 | 0.00 | 01:00:00 |
By Kosaku Narioka
Siemens Ltd. said Tuesday its first-quarter net profit rose 15% from a year earlier thanks to greater earnings from its digital and mobility businesses.
Net profit for the quarter ended December rose to 2.66 billion Indian rupees ($37.3 million) from INR2.31 billion a year earlier, the Indian unit of Germany's Siemens AG said. That matched the estimate of INR2.66 billion from a FactSet poll of analysts.
Operating profit more than tripled for its digital-industries business from a year earlier and its mobility business swung to an operating profit, while that of its gas and power business dropped 52%.
First-quarter revenue decreased 4.9% to INR27.72 billion from INR29.14 billion a year earlier.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 11, 2020 05:33 ET (10:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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