General Electrics has said that its net profit increased by 14 per cent during the second quarter of this fiscal. This happened despite revenues going well below the analyst expectations and also the stock market declining during the period in question.

Post the declaration, shares of GE were down by 4.59 per cent. Analysts said that it were the finance and health care segments which did best while the power and the aviation business still needed work.

They also said that the airlines postponing their maintenance is significant and that the airlines are not spending cash is hurting the businesses of GE. Other trouble is that the orders for shipments were not significant than the shipments.

GE said that the demand for industrial equipments was strong but the same for the aviation sector was going down. Total services orders that produce higher margins decreased by 1 per cent.

It must be noted that the orders for aviation equipments fell by 8 percent, while the aviation services order was down by 5 per cent.

GE posted a net income of $3.03 billion or 28 cents per share as compared to $2.61 billion or 25 cents per share last year.