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27-Jul-2016 11:43 AM

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.

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