Industrial giant Siemens reported on May 4 a healthy rise in net profit for its second quarter to the end of March and raised its earnings forecast for the current business year.
Second-quarter net profit was 2.8 billion euros (US$4.1 billion), up from 1.5 billion euros in the year-earlier period.
Sales rose 7% to 17.7 billion euros while orders surged 2% to 20.7 billion euros.
"We've achieved outstanding, broad-based order growth. We're raising our earnings forecast for fiscal 2011 to at least 7.5 billion euros," chief executive Peter Loescher said.
Copyright Agence France-Presse, 2011
See Also
Siemens Educates Future Plant Managers With Game
About the Author
Agence France-Presse
Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.