FRANKFURT, Germany (AP) — German industrial equipment maker Siemens AG swung back to profit in its fiscal fourth quarter as sales increased in Asia.
The company said Thursday it made a net profit of €1.23 billion ($1.66 billion) in the three months to end-September in contrast to the loss of €396 million loss in the same quarter a year ago, when the company had a large one-time charge at its health care division.
The company increased its dividend but gave an outlook for only moderate sales growth and indicated it didn't expect profits to rise next year.
Revenues rose 5 percent to €20.35 billion, boosted by a 12 percent increase in Asia. The company said Thursday sales …






