21-Jan-2013 10:35 AM
GE reports double-digit profit growth in 4Q2012
GE revenue up 4% - financial highlights:
- 4Q2012:
- Revenue: USD39,327 million, +4% year-on-year;
- Segment profit: USD6695 million, +11%;
- Profit from continuing operations: 4451 million, +10%;
- Net profit: USD4011 million, +8%;
- 2012:
- Revenue: USD147,359 million, stable;
- Segment profit: USD22,887 million, +11%;
- Profit from continuing operations: USD14,902 million, +3%;
- Net profit: USD13,641 million, -4%;
- Total assets: USD685,300 million, -4.4%;
- Cash and marketable securities: USD125,700 million, -4.7%;
- Total liabilities: USD556,900 million, -0.7%. [more - original PR]
GE: "The outlook for developed markets remains uncertain, but we are seeing growth in China and the resource rich countries. With our largest backlog in history and a substantial amount of cash generated by our businesses in the fourth quarter, we have great momentum going into 2013," Jeff Immelt, chairman and CEO. Source: Company statement, 18-Jan-2013.