Siemens Q1 profit soars

09:59, January 26, 2011      

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Siemens beat forecasts for its first-quarter profit helped by robust demand in fast-growing emerging economies including China and India.

It said quarterly order intake - indicator of future sales - rose 160 percent from India and 49 percent from China.

Siemens generated nearly 8 percent of group revenues in China last year.

Source: Global Times
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