GE Finance NZ 2014 profit falls 10% as parent continues exit from finance interests

Thu, 02 Jul 2015

By Jonathan Underhill July 2 (BusinessDesk) - GE Finance and Insurance, part of General Electric's finance arm which is selling down most of its assets worldwide, recorded a 10 percent fall in profit last year, reflecting a decline in finance income and rising costs. Most of the businesses of GE Capital, the finance unit of New York Stock Exchange-listed GE, are being sold as part of a strategy to shed some US$200 billion in finance assets and focus on industrial manufacturing, such as as jet engines and power turbines. In March, a con...

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