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Siemens third-quarter earnings up 9 percent to nearly 1.44 billion euros BERLIN -- A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher in the most recent quarter, the industrial conglomerate said Thursday. Siemens, based in Munich, reported net profit of nearly 1.44 billion euros (US$1.9 billion) for the April-June period, the company's fiscal third quarter, up from 1.32 billion euros a year earlier. Orders were up 22 percent at 20.87 billion euros from last year's 17.16 billion euros. The company said its order backlog now stands at 89 billion euros.
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