Siemens bullish on the future

Industrial giant Siemens has said its net loss was 65 per cent lower in the final quarter of 2010 than the same period a year earlier. For the full-year, net income climbed 63 per cent to €4bn (£3.5bn).
The fourth-quarter net loss was €396m, compared with a loss of €1.06bn in the last part of 2009. But it said its growth was “gaining momentum” and that it expected to win new orders at a faster pace next year.