GE Capital’s leasing arm has reported a 31% year-on-year increase in profits for the second quarter of 2013.

GE Capital Lending and Leasing (GECLL) saw its profits grow to $825m (€628m) in the three months to 30 June, from $628m over the same period in 2012, while revenue was down 3% from $4,038m to $3,907m.

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GECLL was the only segment of GE Capital to grow profit in the last quarter, as the business saw both revenues and profits decrease by 3% and 9% respectively.

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