Siemens announces net profit fall

Industrial equipment maker Siemens said net profit fell 17% to €1.457bn as project delays held down profits and the uncertain global economy cut into order volume.

Siemens announces net profit fall
Tue, 24 Jan, 2012 - 07:18

Industrial equipment maker Siemens said net profit fell 17% to €1.457bn as project delays held down profits and the uncertain global economy cut into order volume.

Revenue grew 3% to €17.9bn.

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CourtsBusinessHeathrowPlace: MunichPlace: GermanyOrganisation: SiemensOrganisation: Siemens’
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