Diversified firm Siemens today said its consolidated net profit stood at Rs 599.54 crore for the fourth quarter ended September 30, as against Rs 692.85 crore in the corresponding period last year.The company’s consolidated net sales and services (excluding excise duty) rose to Rs 9,679.82 crore for the September quarter from Rs 9,379.60 crore in the same period last fiscal, the company said in a filing to the Bombay Stock Exchange.

Siemens has recommended a dividend of Rs 3 per equity shares of Rs 2 each for the financial year ended September 30.

The company’s net profit stood Rs 593.32 crore for the financial year ended September 30, as against Rs 596.54 crore for the last fiscal.

Net sales and services (excluding excise duty) increased to Rs 8,295.54 crore for the year ended September 30 from Rs 7,726.80 crore for the last year.

On a standalone basis, Siemens net profit stood at Rs 225.19 crore for the fourth quarter ended September 30, while the company had registered a net profit of Rs 308.62 crore for the September quarter of FY08.

The company’s standalone net sales and services (excluding excise duty) increased to Rs 2,421.61 crore in the September quarter from Rs 2,188.45 crore in the same period previous year.

“Information and Communication” segment has been sold with effect from August 01, 2007 to “Siemens Enterprise Communication” (SECPL), a 100 per cent subsidiary of the parent Company, Siemens AG, Germany, however figures are not comparable.

Shares of the company closed at Rs 268.05, down 4.95 per cent on the BSE

source: BusinessStandard

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