Siemens Pakistan reports lower profit

KARACHI: Siemens Pakistan net profit dropped 44 per cent to Rs203.35 million in the quarter ended December 31, 2010 from Rs369 million.

The pre-tax profit plunged to Rs325.8 million compared with Rs564.847 million in the corresponding period last year, says a notice sent to the KSE. The earnings per share (EPS) also dropped to Rs24.66 during the period compared with Rs44.74 last year.

Siemens Pakistan has posted a lower profit after tax of Rs 203.349 million in the quarter ending Dec 31, 2010.