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GE profit from continuing operations up 2.5%

General Electric Co has reported a 2.5% rise in quarterly profit from continuing operations.

Solid demand in the US for equipment used in energy production has offset the effects of a weakening European economy.

The largest US conglomerate said second-quarter net earnings attributable to common shareholders - which do account for discontinued operations - had fallen 15.8% to $3.11 billion, or 29 cents per share, from $3.69 billion, or 35 cents per share, a year earlier.

Profit from continuing operations was $3.66 billion, up from $3.57 billion.