A backlog of orders guaranteeing future
business will provide "momentum" for GE into 2013, the company
reported Friday as it announced a fourth quarter net profit of 4
It said the backlog of orders amounted to business worth 210 billion dollars.
"The outlook for developed markets remains uncertain, but we are seeing growth in China and the resource rich countries," said chairman and chief executive Jeff Immelt.
"With our largest backlog in history and a substantial amount of cash generated by our businesses in the fourth quarter, we have got great momentum going into 2013."
The industrial conglomerate reported revenues of 39.3 billion dollars for the fourth quarter of 2012, a 4-per-cent increase on the previous year's figure. Annual revenues totaled 147.4 billion dollars.
The 4-billion-dollar net profit figure was an 8-per-cent improvement over 3.7 billion dollars for the fourth quarter of 2011.
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