The healthcare division of German industrial conglomerate Siemens (NYSE:SI) helped drive a nearly 70% profit surge during its fiscal 3rd quarter, with Siemens Healthcare posting a 17.0% sales increase and a whopping 4,850% bottom-line gain.
Siemens Healthcare posted profits of €396 million ($501.5 million) on sales of €3.34 billion ($4.23 billion) during the 3 months ended June 30.