GEMS revenues grew in '02

GE Medical Systems achieved 6% revenue growth last year, according to the company's 2002 annual report, released March 7. GEMS reported higher equipment and product services volume, partially offset by weak market conditions in Latin America and Japan. Revenues were $8.9 billion in 2002, compared with $8.41 billion the previous year. Operating profit was $1.55 billion compared with $1.50 billion in 2001.