Power equipment maker Siemens posts 29 pct fall in Sept qtr net profit

Power equipment maker Siemens Ltd, a unit of Siemens AG, posted a 29 percent drop in September quarter profit to 1.78 billion rupees ($33.9 million) hurt by foreign exchange losses, it said in a statement to the exchange.

The company posted a 19 percent jump in net sales to 35.59 billion rupees from the same period a year ago.

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