Siemens FY09 net up 17% to Rs 704 cr

Diversified company Siemens today said its consolidated net profit rose by 17.53 per cent to Rs 704.60 crore for the year ended September 30, 2009.

Total income declined to Rs 9,360.60 crore for the year ended September, against Rs 9,739.50 crore in the previous year, Siemens said in a filing to the Bombay Stock Exchange (BSE).

On standalone basis, the net profit stood at Rs 1,044.8 crore for the year ended September, up 76 per cent from Rs 593.30 crore in the same period last year.

The company operates in energy, lighting, and healthcare sectors.

The board of directors at its meeting held today proposed a dividend of Rs 5 per share for the year ended September 30.

The board has also approved acquiring the balance 13.85 per cent stake (5.17 lakh shares) in Chennai-based Siemens Building Technologies from Anand Mecheri, Rajeev Mecheri and Avnish Gupta for Rs 70 crore. Pursuant to which Siemens Building Technologies would merge with Siemens.

The proposal is subject to necessary approvals.

The board of Siemens Healthcare Diagnostics, a part of Siemens, would meet on November 30 to consider amalgamation of Siemens Healthcare Diagnostics with Siemens.

Shares of Siemens closed at Rs 546.90 on BSE, down 2.92 per cent from its previous close.