GE reports growth in 1H2016, expects 'strong' organic growth in 2H2016

GE revenue up 15% in 1H2016 - financial highlights:

• Three months ended 30-Jun-2016:
• • Total revenue: USD33,494 million, +15% year-on-year;
  • • Aviation: USD6511 million, +4%;
  • Profit from continuing operations before tax: USD3824 million, +46%;
  • Net profit: USD2804 million, compared to a loss of USD1134 million in p-c-p;
• Six months ended 30-Jun-2016:
• • Total revenue: USD61,339 million, +11%;
  • • Aviation: USD12,774 million, +7%;
  • Profit from continuing operations before tax: USD4063 million, -4%;
  • Net profit: USD2874 million, compared to a loss of USD14,743 million in p-c-p;
  • Total assets: USD401.5 billion;
  • Cash and marketable securities: USD91.8 billion;
  • Total liabilities: USD311.7 billion. [more - original PR]

GE: "The diversity and scale of our portfolio enabled the company to perform well despite a volatile and slow growth economy. We delivered USD0.51 of earnings per share with strong execution in Power, Aviation and Healthcare that offset challenging environments in Oil & Gas and Transportation. We expect strong organic growth in the second half of the year and reaffirm our 2016 operating framework," Jeff Immelt, Chairman and CEO. Source: Company statement, 22-Jul-2016.