Medical underperforms in Vickers' good first half:
This article was originally published in Clinica
UK automotive and defence group Vickers has reported turnover of £501 million ($777 million) for the first half of the year, up 52% compared with 1994. After-tax profit improved to £18.2 million compared with £11.9 million. Contrary to the overall picture, Vickers' medical division "continues to disappoint", the company says. North America is singled out as a particularly difficult market, but Vickers maintains that major export opportunities that are being pursued should help offset the disappointment of the first half.