Siemens doubles quarterly profit.(Financial report)
Economic Times (New Delhi, India), January, 2007
Jan. 19--MUMBAI, India -- Siemens, the flagship of the Siemens group in India, has doubled its quarterly profit at Rs 98 crore for the October-December period, from Rs 49 crore recorded during the corresponding period in the previous year.
Sales turnover increased 91 percent to Rs 1,627 crore for the first quarter ended December 31, 2006, while new orders rose 23 percent to Rs 5,128 crore. A company release said Siemens' focus on growth-led strategies, both in the domestic and export markets, helped it double the profits.
The company's non-executed order value position as of December 31, 2006 was Rs 11,040 crore, a rise of 56 percent from Rs 7,058 crore. It has hiked the head count to 6,117 by December-end from 5,299 a year ago.
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