Instrumentarium struggles

Profits dipped in the first quarter of 2003 for Instrumentarium, and the company warned that a weak dollar could hurt revenues in the future. The Finnish company, which is the target of a GE takeover bid, reported that profits fell 22% before extraordinary items to 23 million ($25.25 million) on slightly increased revenues of Euro 248 million ($272 million) compared with Euro 244 million.