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"German industrial equipment maker Siemens AG swung back to profit in its fiscal fourth quarter as sales increased in Asia.
The company said Thursday it made a net profit of (EURO)1.23 billion ($1.66 billion) in contrast to the loss of (EURO)396 million loss in the same quarter a year ago, when the company had a large one-time charge at its health care division."
"German industrial equipment maker Siemens AG swung back to profit in its fiscal fourth quarter as sales increased in Asia.
The company said Thursday it made a net profit of (EURO)1.23 billion ($1.66 billion) in contrast to the loss of (EURO)396 million loss in the same quarter a year ago, when the company had a large one-time charge at its health care division."
