ABB’s Q2 net profit surges by 33%

ABB has reported results for second quarter ended June 30, 2012.

On standalone basis, the company has reported a rise of 33.34% in its net profit at Rs 51.63 crore for the quarter, as compared to Rs 38.72 crore for the same quarter in the previous year. Total income of the company has increased by 9.67% to Rs 1885.21 crore for the quarter under review as compared to Rs 1719.03 crore for the quarter ended June 30, 2011.

ABB is a global leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.