ABB reports marginal rise in Q2 net profit

ABB has reported unaudited results for the second quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 rose by 1.04% at Rs 38.72 crore as compared to Rs 38.32 crore for the corresponding quarter last year. Its total sales increased 17.06% at Rs 1719.04 crore for the quarter under review from Rs 1468.56 crore for the same quarter last year.

ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in around 100 countries and employees around 1,17,000 people.