Siemens Q4 Profit Falls, Lifts Dividend; Sees Growth In FY24; Stock Up

German conglomerate Siemens AG reported Thursday sharply lower profit in its fourth quarter, while revenue was benefited by strong performance in all industrial businesses. The firm also announced higher dividend, and said it projects comparable sales growth in fiscal 2024, however, slower than last year. The shares were gaining around 6 percent in the morning trading in Germany.

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