Siemens AG posts net of $1.66

FRANKFURT, Germany — German industrial equipment maker Siemens AG says it made a net profit of$1.66 billion in its most recent quarter as sales increased in Asia.

That represents a rebound from a net loss of (euro) 396 million in the same quarter a year ago, when the company had a large one-time charge at its health care division.

Revenues rose 5 percent to (euro) 20.35 billion, boosted by a 12 percent increase in Asia. The company said Thursday sales grew across all regions and experienced particularly strong growth in emerging markets.

Orders, however, fell 2 percent and the company forecast “moderate” sales growth.

The company raised its dividend to (euro) 3.00 per share from (euro) 2.70 per share last year.

Siemens has area operations in Buffalo Grove, Deerfield, Chicago, Hoffman Estates, Schaumburg, Glen Ellyn, Elk Grove, Mundelein, Oak Brook, Rolling Meadows, Wood Dale and Elgin.

That represents a rebound from a net loss of (euro) 396 million in the same quarter a year ago, when the company had a large one-time charge at its health care division.