ABB Q2 net profit tumbles to Rs38.3 crore
Moneylife Digital Team 30 July 2010

ABB Ltd said its net profit for second quarter ended 30 June 2010 fell to Rs38.3 crore from Rs83.6 crore during the corresponding period last year on lower orders.

During the April-June quarter, its sales declined 4% to Rs1,446 crore.
ABB said, during the second quarter, it received order worth Rs1,234.6 crore compared with Rs2,111.6 crore same quarter a year ago. Orders were impacted due to delays in conclusion of a number of large projects compared to the same period last year and continued price pressure in the market, ABB said in a regulatory filing.

On Friday, ABB shares slipped 4% to Rs812 on the Bombay Stock Exchange, while the Sensex closed 0.7% lower to 17,868 points.

1 decade ago
whats the future of ABB sock?will it break the older high in next quarter
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