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Siemens posts Q4 net loss of euro 1.06 bn

German engineering conglomerate Siemens today said its net loss was at euro 1.06 billion (about $1.5 billion) in the fourth quarter of this year. - AI incurs Rs 7,226 cr loss in last two fiscals - World Bank bars Siemens" Russian unit for corruption - Siemens: A tired set of numbers - Money floods into wastewater treatment - Siemens to merge its two Indian public listed firms - Siemens Healthcare Diagnostics up 2% Siemens said, it posted a net loss of euro 1.06 billion in the fourth quarter of fiscal 2008-09, primarily due to a non-cash loss of euro 1.96 billion from the group"s Nokia Siemens Network unit. In the year-ago period, the company had a net loss of euro 2.42 billion, Siemens said in a statement. Nokia Siemens, is a 50-50 joint venture of Finnish telecom equipment maker Nokia and Siemens AG. The company said revenue at euro 19.71 billion was down 9 per cent in the fourth quarter this year compared to the prior-year quarter. For fiscal 2009, total profit rose to euro 7.46 billion, and income from continuing operations increased to euro 2.45 billion.


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