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ABB increases first-quarter profit by a third

ZURICH, April 27 (Reuters) - ABB expects its orders and revenues grow by more than 10% during the second quarter, the company said on Tuesday, after reporting net profits increased by 34% at the start of the year.

The Swiss engineering company reported net profit rising to$502 million during the first quarter from $376 million a year earlier.

The maker of industrial robots and drives earlier this month pre-announced an 11% rise in first-quarter revenues and improvement in its profit margin. (Reporting by John Revill; Editing by Michael Shields)

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