Siemens profit rises 76 pc

Siemens Ltd has posted a 76.10 per cent rise in net profit at Rs 1,044.85 crore for the year ended September 30,2009,as compared to Rs 593.32 crore recorded during the previous corresponding period. The company has registered a 1 per cent rise in net sales at Rs 8,388.77 crore for the year ended September 30,2009 as compared to Rs 8,295.54 crore reported during the previous corresponding period.

While addressing the media conference here,Armin Bruck,managing director,Siemens,said,Our robust and innovative portfolio combined with an increased focus on project management and asset management supported our performance in what has been one of the most challenging years in recent times.