Siemens quarterly profit rises, last under CEO Kaeser
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November 12, 2020 12:27 AM
FRANKFURT, Germany (AP) — German industrial equipment and technology maker Siemens AG recorded a 28% increase in net profit to 1.88 billion euros ($2.21 billion) in the most recent quarter, boosted by a gain of 800 million euros from discontinued operations, the Munich-based company said Thursday. It gave an upbeat outlook for 2021, saying the pandemic “will not have a long-lasting effect” on the global economy.
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