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Siemens’ net profit at Rs599 crore in September quarter

Siemens’ net profit at Rs599 crore in September quarter
PTI
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First Published: Wed, Nov 26 2008. 12 22 AM IST
Updated: Wed, Nov 26 2008. 12 22 AM IST
Mumbai: Diversified firm Siemens Ltd on Tuesday said its consolidated net profit stood at Rs599.54 crore for the fourth quarter ended 30 September against a net profit of Rs692.85 crore in the year-ago period.
The company’s consolidated net sales and services (excluding excise duty) rose to Rs9,679.82 crore for the quarter from Rs9,379.60 crore in the corresponding period last fiscal, Siemens said in a filing to the Bombay Stock Exchange (BSE). Siemens has recommended a dividend of Rs3 per equity share of Rs2.
The company’s net profit for the fiscal year ended September stood at Rs593.32 crore as against a net profit of Rs596.54 crore in the last fiscal.
Net sales and services (excluding excise duty) increased to Rs8,295.54 crore for the year from Rs7,726.80 crore last year.
On a stand-alone basis, Siemens’ net profit stood at Rs225.19 crore for the fourth quarter, while the company had registered a net profit of Rs308.62 crore for the year-ago quarter.
The company’s stand-alone net sales and services (excluding excise duty) increased to Rs2,421.61 crore in the September quarter from Rs2,188.45 crore in the year-ago period.
The company expects to spend about Rs200 crore in capital expenditure (capex) for the year ending September 2009, managing director Armin Bruck told a press conference.
The company had spent close to Rs220 crore in capex in 2007-08, he said on Tuesday.
“I am confident of keeping that level,” Bruck said.
The firm has more than Rs900 crore in cash and would finance the capex through internal accruals, executive director and chief financial officer Patrick De Royer said.
Shares of the company lost 4.95%, or Rs13.95, to close at Rs268.05 each on BSE on Tuesday, a day when the exchange’s benchmark index, the Sensex, lost 2.33%.
(Reuters contributed to this story.)
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First Published: Wed, Nov 26 2008. 12 22 AM IST
More Topics: Siemens | Profit | September | BSE | Armin Bruck |