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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;
      • Aviation: USD5467 million, +11%;
      • GE Capital: USD11,770 million, +2%;
        • GECAS: USD1397 million, +4%;
    • Segment profit: USD6695 million, +11%;
      • Aviation: USD1039 million, +22%;
      • GE Capital: USD1808 million, +9%;
        • GECAS: USD343 million, +9%;
    • Profit from continuing operations: 4451 million, +10%;
    • Net profit: USD4011 million, +8%;
  • 2012:
    • Revenue: USD147,359 million, stable;
      • Aviation: USD19,994 million, +6%;
      • GE Capital: USD46,039 million, -6%;
        • GECAS: USD5294 million, +1%;
    • Segment profit: USD22,887 million, +11%;
      • Aviation: USD3747 million, +7%;
      • GE Capital: USD7401 million, +12%;
        • GECAS: USD1220 million, +6%;
    • 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.

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