Siemens posted a 44.71 per cent increase in net profit at Rs 81.78 crore for the third quarter ended June 30, compared with Rs 56.51 crore for the same period last year. | |
| Total income (net of excise) has risen 73.47 per cent to Rs 1,819.66 crore (Rs 1,048.96 crore), the company informed the Bombay Stock Exchange. |
| |
| The board of directors at its meeting approved the appointment of Stephan Schneider as an alternate director with effect from today and Armin Bruck as an additional director and a wholetime director with effect from October 1, subject to requisite approvals. |
| |
| Further, the company said Siemens VDO Automotive Division would be transferred to Bangalore-based Siemens VDO Automotive Components on October 4. |
| |
| The Bangalore-based firm is a 100 per cent subsidiary of Siemens AG. |
| |
| For this purpose, SVDO division was valued at Rs 170 crore, Siemens added. |
| |
| Besides the company's building technologies division would be transferred to Siemens' subsidiary iMetrex Technologies on October 1. |
| |
| The proposed transfer is subject to the approval of shareholders through postal ballot, which would be carried out shortly. |
| |
|
| |
