Siemens has Q3 net income of EUR 389 mln

News General Germany 28 JUL 2005
Siemens has Q3 net income of EUR 389 mln
Siemens has reported income from continuing operations of EUR 625 million for its FY Q3, down from EUR 871 million a year earlier, with net income (including discontinued operations) of EUR 389 million, down from EUR 815 million. Mobile phone activities, reported as discontinued operations following a sale agreement, are excluded from reported results for continuing operations in both the current and prior-year periods, including Group profit, sales, orders and cash flows. Group profit from operations on a continuing basis was EUR 980 million, down from EUR 1.33 billion, on sales up 7 percent year-on-year to EUR 18.75 billion. The Com business division posted 3rd-qtr sales on a continuing basis of EUR 3.335 billion and orders of EUR 3.456 billion. It posted a loss of EUR 70 million, vs profit of EUR 209 million a year earlier.

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