KARACHI: Siemens Pakistan has posted 80 percent profit of Rs. 132.758 million during nine month period as compared to Rs. 694 million during corresponding period last year, according to the notice issued by company to the Karachi Stock Exchange (KSE).
The board of directors of Siemens Pakistan in the meeting held on Thursday has approved the company's financial results for nine month period ended on Jun 30, 2011.
During the period of nine month, the company sales turnover witnessed a substantial decline of 49.88 percent and recorded at Rs. 10.435 billion as compared to Rs. 20.821 billion over corresponding period last year while its earnings per share remained at Rs. 16.10 for the nine months ended on Jun 30, 2011.
Third quarter has not been remained buoyant for the company as company registered a quarterly loss of Rs. 81.745 million.
Furthermore, the company has not recommended any interim cash dividend, bonus shares or right shares to its shareholders.
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