Comment on Siemens shows drop in Q4 net profit

Siemens shows drop in Q4 net profit

BERLIN (AP) — German industrial conglomerate Siemens AG says net profit dropped in its fourth quarter but that it's optimistic cost-cutting measures will help boost its bottom line in 2014. Siemens reported a fourth-quarter net profit of 1.07 billion euros ($1.45 billion) Thursday, down from 1.19 billion euros in the same quarter last year.

 

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