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United Technologies CFO Points to Strong Real Estate Market in China

United Technologies CFO Points to Strong Real Estate Market in China

Taking advantage of and expanding one's business into emerging markets such as China and Brazil has become one of the most effective ways to generate revenue and keep a business afloat.

United Technologies Corp., a Connecticut-based industrial conglomerate, has benefited particularly from the strong real estate market in China, the company's CFO said during a recent conference call, The Associated Press reports.

In the call, during which finance chief Greg Hayes reported United's third-quarter net income jumped 11 percent, analysts asked about the role China played in generating these numbers.

"We all read of course, we saw that GDP slowed down all the way to 9.1 percent [in China]," Hayes explained. "We haven't really seen it. I told the guys yesterday, we haven't seen a stop sign or even a yield sign in terms of the growth. We're continuing to make very good traction."

While United Technologies reported relatively strong third-quarter numbers, Reuters reports that the company has already begun to look for more cost-cutting measures amid weak manufacturing forecasts for 2012. 

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