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Siemens Healthcare's Q1 profits jump 38%

Wed, 01/23/2013 - 5:27pm
Mass Device

Profits for Siemens Healthcare jumped 38% to some $670 million during its fiscal 1st quarter.

Siemens

Siemens Healthcare (NYSE:SI) was the most profitable segment for the German industrial titan during its fiscal 4th quarter, posting a 38% profit surge on a 3.2% sales increase.

Siemens Healthcare reported profits of €503 million (about $670 million) on sales of €3.25 billion ($4.33 billion) for the 3 months ended Dec. 31, 2012. That compares with profits of €364 million ($485 million) on sales of €3.15 billion ($4.20 billion) during Q1 2012.

Siemens overall posted profits of €1.21 billion ($1.62 billion), or €1.42 ($1.89) per share, on sales of €18.13 billion ($24.15 billion) for the quarter, down 12.2% and up 2%, respectively, compared with the same period last year.

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