GEMS (General Electric's Medical Systems) still outperforming rest of group
This article was originally published in Clinica
General Electric's Medical Systems (GEMS) unit performed significantly better in the first quarter of 2003 than the group as a whole, which suffered in particular from a decline in gas turbine sales to the power industry. GEMS reported a 15% rise in revenues to $2.14bn. The segment's profit before interest, income tax and other financial charges also rose by 15%, to $306m.