Alstom rises 5% after full-year profit jumps

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Alstom profit jumps 60% despite lower orders

France’s Alstom SA (ALO.FR) said Wednesday that net profit for its fiscal year rose more than 60% despite sharply lower orders. For the fiscal year ended March 31, Alstom said its profit was 475 million euros ($564.5 million) compared with EUR289 million a year earlier. Alstom said the improvement in profitability was the result of volume increase, portfolio mix and ongoing initiatives for operational excellence.

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