GE posts profit as financial unit recovers
The Connecticut-based giant, whose products range from aircraft engines to home appliances, said it would raise its shareholder dividend as profits rose 80 per cent.
"As today's results show, GE has emerged from the recession a stronger, more competitive company," GE CEO Jeff Immelt said in a statement.
"GE Healthcare, Transportation and Aviation delivered strong results," he said.
"GE Capital also had a strong first quarter, earning $1.8 billion after tax," Immelt added, noting a significant threshold crossed for the troubled financial unit.
"With losses having peaked, we are originating new business at attractive margins and our funding costs continue to be favorable."
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Growth beckons for GenAI startups in Vietnam (November 21, 2024 | 17:47)
- SABECO to elevate Vietnam's beverage industry to global standards (November 21, 2024 | 17:36)
- ABeam Consulting Vietnam introduces BSQCD Purchasing Strategy Framework (November 21, 2024 | 16:40)
- Major railway requires debt considerations (November 21, 2024 | 12:07)
- Reviving a new life cycle for plastic waste (November 21, 2024 | 09:16)
- Key balances maintained for industrial production (November 21, 2024 | 08:00)
- Ecolean Vietnam honoured with prestigious sustainability award (November 19, 2024 | 10:01)
- HEINEKEN Vietnam’s clear path towards net-zero (November 18, 2024 | 15:13)
- VLCA 2024 honours corporate governance excellence as listed companies raise the bar (November 18, 2024 | 09:00)
- High-tech personnel to drive competition (November 17, 2024 | 09:21)
Mobile Version