ABB Gets More Orders from Asia, ME & Africa

published:22/07/2018 03:27 GMT

ABB, a Swedish-Swiss industrial corporation, said that its orders in Asia, Middle East and Africa (AMEA) grew 7 % (11 % in US dollars) with good order demand from China, India and the UAE during the second quarter of 2018. Net income was US$681 million, up 30 % compared to the prior year’s US$525 million. ABB’s operational net income rose 27 % to US$810 million. Basic earnings per share of US$0.32 was 30 % higher year-on-year. Revenues were up 1 % (5 % higher in US dollars), well-supported by...More