Home News GE Capital expects profits in 2010 the previous year

GE Capital expects profits in 2010 the previous year

355
0

NEW YORK (Dow Jones) – The U.S. conglomerate General Electric (GE) sees the benefits of its financing arm 2010 on the previous year. As the CEO of the finance division, GE Capital Mike Neal said on Tuesday, is the company is a well on the way in this and next year Achieve results from 2 billion to 2.5 billion USD, compared with 8.6 billion USD 2008th However, the company expected in 2009 credit losses and Depreciation of up to 13 billion USD.

The biggest concern makes 80 billion USD of heavy portfolio commercial real estate, GE Capital. Property values in this area were Since the end of 2007 fell by 34%. Said in 2010 in Fairfield based General Electric Co. for a further decline by 13% ahead. This forecast described the company as a "conservative and realistic. "