General Electric shows improved earnings and profits

General Electric has reported that earnings have risen by 24 percent, its best in almost six quarters. The company said that improved x quarters, spurred by demand for industrial equipment such as jet engines and products in faster- growing areas like energy and consumer finance helped them post such a healthy figures for their companies.

The company’s second-quarter net income is around $4.6 billion, which comes to around 44 cents a share. This is a massive improvement from the figures of $3.75 billion, or 36 cents for the previous year in the same quarter. The company revenues by market value for the General Electric have now reached USD 41.6 billion which is a 13% improvement.

GE reported that at least 11 of their main businesses achieved more than 10% profit growth. This included the first even increasing profits in their energy unit for more than 10 quarters. Chief Executive Jeff Immelt said in a statement: “Energy has gone through a couple years of volatility, but now there is lots of momentum looking into the future.”

The company is also now targeting entering into new businesses.