Siemens posts quarterly profit of 1.5 billion euros

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The German industrial group Siemens posted Thursday a better-than-expected second quarter net profit of 1.5 billion euros (2.0 billion dollars), an increase of 48 percent from the same period a year earlier.

Siemens also raised its 2009/2010 full year operating profit target to around 7.5 billion euros, from a previous forecast of between 6.0-6.5 billion euros.

© 2010 AFP

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