Caterpillar's earnings jump 34% on ME sales
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Caterpillar's earnings jump 34% on ME sales

Caterpillar's earnings jump 34% on ME sales

Caterpillar, the world's largest maker of earthmoving equipment, has reported that its second-quarter earnings rose 34% on demand for backhoes and mining equipment in the Middle East and Asia, reported Bloomberg. Net income increased to $1.11bn, or $1.74 a share, from $823 million, or $1.24, a year earlier, the US-based company said. Sales increased 20% to $13.6bn.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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