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| ABB reports Q2 profits rise ABB, one of the world’s leading engineering companies, reported a sharp increase in orders and profitability for the second quarter of 2006. Earnings before interest and taxes (EBIT) increased to $640 million from $371 million in the same quarter a year ago, reflecting good growth in the two product divisions, and yielding an EBIT margin of 10.7 percent. Net income increased to $367 million from $126 million in the same quarter in 2005, and cash flow from operating activities amounted to $337 million, an increase of $169 million compared to the same quarter in 2005. write your comments about the article :: © 2006 Construction News :: home page |