Siemens returns to profit in Q1
Posted on Aug 14 2014 | IANS
Mumbai, Aug 13 : Indian subsidiary of German conglomerate Siemens Ltd posted Rs.13 crore net profit for the first quarter of 2014-15 against net loss of Rs.49 crore a year ago.
According to the company's release here Wednesday, total income also declined 10 percent to Rs.240 crore in the quarter under review (Q1) from Rs.264 crore in like period a year ago.
Total income includes net sales of Rs.232 crore and other income of Rs.6 crore.