ABB India’s net profit spurts 44 percent in 2007

February 19th, 2008 - 8:45 pm ICT by admin  

New Delhi, Feb 19 (IANS) Leading private sector power equipment manufacturer ABB India has posted profit after tax (PAT) of about Rs.5 billion ($125 million) in the calendar year 2007, showing a 44 percent growth over the previous year. The company has posted a PAT of Rs.1.8 billion in the fourth quarter (Oct-Dec), registering a 34 percent increase over the same period of the preceding year, ABB India’s Managing Director Biplab Majumder told reporters here.

“The company’s order book swelled 42 percent in the same period to Rs.20 billion,” he said.

“ABB India’s revenues rose to Rs.20 billion in the fourth quarter of the calendar year 2007 from Rs.14 billion in the corresponding period of the previous year.”

“Our core power and automation businesses continue to grow well as we deliver value to our utility and industry customers through innovative technologies backed by our domain expertise and well-acknowledged project execution capabilities.

“This growth is further supported by our products and service focus as well as the success of our new revenue streams.”

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