India, Feb. 13 -- Shares of Siemens AG were gaining around 6 percent in the German trading on the XETRA after the conglomerate on Thursday reported significantly higher net profit in its first quarter, benefited by a gain on sale of Innomotics, and confirmed fiscal 2025 comparable revenue growth outlook. This was despite reporting weak earnings from continuing operations and orders in the quarter.
Looking ahead, the company said, "We anticipate moderate macroeconomic growth in fiscal 2025, due in part to continuing geopolitical uncertainty including trade conflicts, and also to ongoing challenges for the manufacturing sector due to overcapacity and weak consumer demand. At the same time, infrastructure markets, particularly in electrificat...