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US General Electric announced Tuesday that the company was reorganizing GE Power and dividing the division into two units, as well as a $ 22 billion write-down of the GE Power-related acquisition gap. At the same time, the quarterly dividend drops from $ 0.12 to $ 0.01 per share.
Tuesday's quarterly report offered on a series of bitter messages from the wealthy industrial conglomerate General Electric.
Adjusted operating profit reached $ 0.14 per share, which is lower than the analyst's forecast, which was $ 0.20, according to Bloomberg estimates. Intätker amounted to $ 29.6 billion, or less than $ 30.3 billion.
GE also accounts for GEWA's goodwill of $ 22 billion, which is just over SEK 200 billion, before taxes.
As for GE Power also announced that the division had been reorganized and split into two separate units. One unit will include GE's gas turbine and associated service activities, while the other unit will consist of the remaining GE Power activities.
To strengthen its balance sheet, GE also announced the loss of its quarterly dividend from $ 0.12 per share to $ 0.1 per share.
"My top priorities in my first 100 days are to position our company in a winning way, starting with the Energy division, and accelerating work to reduce debt." We are moving quickly toward improving the financial situation, starting with by the following actions: announced today, "said Lawrence Culp, CEO of General Electric since Oct. 1.
According to CNBC, GE also said at Tuesday's conference call that the US Financial Supervisory Authority SEC is extending its review of the company's accounts to the company's $ 22 billion write-down for the quarter.
"The SEC is expanding its ongoing investigation to include the goodwill case, and the Justice Department is also investigating this and other areas in which we announced an investigation," said GE Chief Financial Officer Jamie Miller. , during the CNBC conference call.
The CNBC writes that the SEC began its review of General Electric following the review of the GE Capitals insurance portfolio of last year.
The reverse side 3% in American commerce.
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