KARACHI: Siemens Pakistan net profit dropped 44 per cent to Rs203.35 million in the quarter ended December 31, 2010 from Rs369 million.
The pre-tax profit plunged to Rs325.8 million compared with Rs564.847 million in the corresponding period last year, says a notice sent to the KSE. The earnings per share (EPS) also dropped to Rs24.66 during the period compared with Rs44.74 last year.
Siemens Pakistan has posted a lower profit after tax of Rs 203.349 million in the quarter ending Dec 31, 2010.
According to financial results of the company despatched from Dubai to Karachi Stock Exchange Monday, the pre-tax profit plunged to Rs 325.800 million compared to Rs 564.847 million in the same period last year.
The earning per share also dropped to Rs 24.66 during the period under review over last year’s Rs 44.74. app