Siemens Energy said on Tuesday its net loss more than doubled in the first quarter, blaming charges related to quality issues at Siemens Gamesa which the German firm is trying to fix via a full takeover of the wind division.
Siemens Energy, which pre-released first-quarter results last month, said its net loss widened to 598 million euros in the October-December period, compared with a loss of 246 million euros in the same period a year earlier.
Order backlog, however, hit a new record at 98.8 billion euros at the end of December, said the group that was spun off from Siemens
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi minister warns sanctions, underinvestment may cause energy shortagesSaudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.
Read more »
Strikes against pension reforms to disrupt French rail and air traffic on TuesdayFrench train and air services are expected to be heavily disrupted on Tuesday by a nationwide strike against pension reforms, the national railway and civil aviation authorities said on Sunday.
Read more »
Tuesday Forecast: Widespread showers, gusty winds, and mountain snowOn and off showers will continue overnight as temperatures remain mild. Here is a look at your forecast: FOX13
Read more »
AUD/USD hovers around 0.6900, over two-week low as focus shifts to RBA on TuesdayThe AUD/USD pair struggles to preserve its modest intraday gains on Monday and attracts fresh sellers in the vicinity of mid-0.6900s. The pair turns b
Read more »
NBC 5 Forecast: Windy and Mild Today, Rain Returns TuesdayWonder about the weather forecast for North Texas? Get the forecast for Dallas-Fort Worth from the weather team certified most accurate by WeatheRate.
Read more »
Houston could see storms Tuesday and Wednesday, the National Weather Service forecastsA cold front will bring chances of rainfall and thunderstorms to the Houston area this Tuesday and Wednesday, according to the National Weather Service.
Read more »