Siemens Ltd. announces decline in volume but higher profits in FY2014
Siemens volumes decline as Infrastructure spending sluggish. Cost optimization measures introduced in 2013 positively impact profits. For the Financial Year 2014 ended September 30, 2014, Siemens Ltd. registered New Orders of Rs. 10,323.8 crores compared to Rs. 10,957.3 crores in FY2013. Sales stood at Rs. 10,448.3 crores in FY 2014, compared to Rs. 11,145.2 crores …