) posted better-than-expected industrial profit for its third quarter as the German engineering group weathered the effects of the coronavirus pandemic.
Orders and revenue both fell during the three months to the end of June, but the trains to industrial software maker still increased the operating profit of its industrial business, helped by an accounting gain and savings to deal with the COVID-19 downturn. The result was helped by a 211 million euro gain in the valuation of Siemens’ stake in American industrial software company Bentley Systems, which offset declines elsewhere.
Has stake in American Software Bentley Systems. Where’s the Humanity to Help the Unemployed? Unemployment is Getting Out of Hand! CNN MSNBC Politico USAToday Axios
Key words accounting gain
All these companies making record breaking profits during a world pandemic. Meanwhile, the two party system in this country couldn’t care less. Blame the blue pill/red pill party system
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