Siemens profits up 39%, despite problems

Engineering group Siemens today posted a 39% hike in annual profits despite a software fault in a new line of mobile phones.

Thu, 11 Nov, 2004 - 18:39

Engineering group Siemens today posted a 39% hike in annual profits despite a software fault in a new line of mobile phones.

The German company, which employs around 430,000 people worldwide, also experienced design problems with trams running in a number of European countries.

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