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GE Majaps Unit Posts Q1 Increases


GE’s first quarter
report stated its home & business solutions
unit had higher sales and earnings in the first
quarter ended March 31.

The unit, which includes GE Appliances,
had revenues of $1.98 billion, a 3
percent gain, and operating profit of $74
million, a 4 percent gain over last year’s
first quarter.

The only specific mention of GE Appliances
in the report was that the company
implemented an April price increase.

Corporately GE reported net earnings for
the quarter of $3.4 billion, up from the prior
year’s $2.3 billion, and revenues of $38.9
billion, an increase of 6 percent.