GE Capital’s leasing arm has reported a 31% year-on-year increase in profits for the second quarter of 2013.
GE Capital Lending and Leasing (GECLL) saw its profits grow to $825m (628m) in the three months to 30 June, from $628m over the same period in 2012, while revenue was down 3% from $4,038m to $3,907m.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
GECLL was the only segment of GE Capital to grow profit in the last quarter, as the business saw both revenues and profits decrease by 3% and 9% respectively.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
