General Motors in the third quarter returns to net profit


In the third quarter, the largest in the United States automotive concern General Motors recorded a net profit of $2.5 billion against a loss of $3 billion a year earlier. The growth of revenue and quarterly results of the financial division contributed to the company's return to profitability. Adjusted earnings per share amounted to 1 dollar 87 cents, exceeding market forecasts of 1 dollar 25 cents per share. Revenues amounted to $35 billion 800 million, which also turned out to be higher than experts' estimates of $35 billion 300 million. The annual growth rate was 6.4%. Financial division for the quarter increased its net profit to a record value of $3.5 billion.

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