Open Menu

Power, Aviation Boost GE Despite Weak Oil

Muhammad Rameez Published July 22, 2016 | 05:23 PM

Power, aviation boost GE despite weak oil

NEW YORK, (UrduPoint / Pakistan Point News - 22nd july,2016) - Strong results in power and aviation boosted General Electric's second-quarter results, despite an economy characterized by volatility and slow growth, the company said Friday. Net income was $2.

7 billion, compared with a loss of $1.4 billion in the year-ago period. Revenues rose 14.6 percent to $33.5 billion. Performance among GE's industrial divisions varied, with oil and gas experiencing big declines in revenues and operating profit due to the rout in oil prices.

Prize Bonds Results

Prize Bonds
PSX 100 Index Live

PSX 100 Index
Currency Rates in Pakistan

Currency Rates
Gold Prices in Pakistan

Gold Prices
Petrol Prices in Pakistan

Petrol Prices
Cryptocurrency in PKR

Crypto

Related Topics

Pakistan Company Oil York New York July Gas 2016 Power Cement Limited Billion

Recent Stories

Currency Rate In Pakistan - Dollar, Euro, Pound, R ..

Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024

55 minutes ago
 Today Gold Rate in Pakistan 25 April 2024

Today Gold Rate in Pakistan 25 April 2024

1 hour ago
 Mired in crisis, Boeing reports another loss

Mired in crisis, Boeing reports another loss

10 hours ago
 Session Awarding Ceremony 2024 held at Cadet Colle ..

Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad

10 hours ago
 Austrian ski great Hirscher to make comeback under ..

Austrian ski great Hirscher to make comeback under Dutch flag

11 hours ago
 Pakistan, Japan agrees to convene 'Economic Policy ..

Pakistan, Japan agrees to convene 'Economic Policy Dialogue'

11 hours ago
FM Dar conveys deepest sympathy on torrential rain ..

FM Dar conveys deepest sympathy on torrential rains devastation in UAE

11 hours ago
 Spain PM Sanchez says weighing resignation after w ..

Spain PM Sanchez says weighing resignation after wife's graft probe

11 hours ago
 Tennis: ATP/WTA Madrid Open results - 1st update

Tennis: ATP/WTA Madrid Open results - 1st update

11 hours ago
 Long-lost Klimt portrait auctioned off for 30 mn e ..

Long-lost Klimt portrait auctioned off for 30 mn euros

11 hours ago
 Osaka seals first win on clay since 2022 in Madrid

Osaka seals first win on clay since 2022 in Madrid

11 hours ago
 Earthquake jolts Karachi

Earthquake jolts Karachi

11 hours ago

More Stories From Business