FRANKFURT, Germany (AP) - Industrial conglomerate Siemens AG made a net profit of 815 million (US$986 million) in its most recent quarter, the company said Thursday, improving 29 percent on the same quarter last year and beating stock market analysts' estimates.
Profits in the April-June quarter - the Munich-based company's fiscal third - were boosted by the auto parts and automation divisions, which each showed strong profit increases, and by a turnaround at its telephone network equipment decision, which returned to profit after a large one-time charge last year.
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