Siemens posts 13 pc decline in consolidated net profit

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Mumbai, Nov 25 (UNI) Siemens Limited today posted a 13 per cent decline in consolidated net profit at Rs 599.55 crore for the year ended September 30, compared with Rs 692.86 crore for the corresponding period last year.

The company's total income increased by three per cent to Rs 9,739.50 crore from Rs 9,427.04 crore for the same period last year.

The company posted a net profit of Rs 225.19 crore for the quarter ended September 30, as against Rs 308.63 crore for the quarter ended September 30, 2007.

The company's total income increased to Rs 2,465.69 crore from Rs 2,242.45 crore for the quarter ended September 30, 2007. The board has recommended a dividend of Rs three per equity share of Rs two each for the financial year ended September 30.

Addressing the annual press conference, Dr Armin Bruck, Managing Director, Siemens Limited said, ''We have seen satisfactory performance during the year and our base business has grown strongly. We focused on quality of our results and have secured healthy order book and not just volumes.'' He said ''We focused on key growth areas in the domestic as well as export market and enhanced our product portfolio and factory capacities to support our growth.'' The company received New Orders valued at Rs 87,182 million (Rs 8,718 crore) for the 12 months ended September 30, 2008, compared to Rs 101,085 million (Rs 10,109 crore) in the corresponding period of the previous year, registering a drop of 14 per cent. After adjusting the mega order impacts in the comparative fiscals, the Orders rose by 27 per cent. For the quarter ended September 30, New Orders rose sharply by 86 per cent and stood at Rs 23,851 million (Rs 2,385 crore) as compared to Rs 12,797 million (Rs 1,280 crore).

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