UTC reports 'solid 1H2016, on track to meet 2020 growth target'

United Technologies Corporation revenue up 1% - financial highlights:

• Three months ended 30-Jun-2016:
• • Revenue: USD14,874 million, +1.3% year-on-year;
  • Operating profit: USD2337 million, -3.2%;
  • Net profit: USD1373 million, -11.0%;
• Six months ended 30-Jun-2016:
• • Revenue: USD28,231 million, +0.8%;
  • Operating profit: USD4282 million, -6.9%;
  • Net profit: USD2564 million, -13.6%;
  • Total assets: USD89,480 million;
  • Cash and cash equivalents: USD6785 million;
  • Total liabilities: USD58,518 million. [more - original PR]

United Technologies Corp: "United Technologies had a solid first half of the year with 2 percent organic sales growth, and we remain on track to meet our growth targets for 2020," Gregory Haye, President and CEO. Source: Company statement, 26-Jul-2016.