GE sees 2008 profit up 'at least' 10 per cent

General Electric Co expects its profit to rise "at least" 10 per cent in 2008, led by gains in its infrastructure business, even with a slowing US economy, Chairman and Chief Executive Jeff Immelt said on Tuesday.

The second-largest US company by market capitalisation expected to report 2008 profit of at least US$2.42 ($3.16) per share. Analysts, on average, had expected US$2.49 per share, according to Reuters Estimates.

GE, which makes products ranging from jet engines to light bulbs, estimated 2007 profits of US$2.19 to US$2.21 per share.

- Reuters