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General Motors doubled its earnings in the fourth quarter

The American auto giant General Motors appears Thursday a profit of U.S. $ 898 million in the fourth quarter, against $ 468 million U.S. last year.

This corresponds to a profit of 54 cents per share, compared to 28 cents per share last year.

Its revenues have increased by 3 per cent to U.S. $ 39.3 billion.

The quarterly results include billions of dollars in non-recurring gains and losses that result ultimately in a gain of U.S. $ 100 million. Except for this element, GM posted a profit of 48 cents per share, while analysts expected 51 cents per share.

For the year, GM has garnered a profit of U.S. $ 4.9 billion, or $ 2.92 per share, compared to U.S. $ 7.6 billion in 2011.

General Motors doubled its earnings in the fourth quarter picture #1

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