(MENAFN) Quarterly profit of the Industrial giant Caterpillar was higher than expected as gains in its construction segment overcame continued declines in mining, according to Arab News.
Caterpillar, which sells machinery to a range of sectors including construction, oil and gas, and housing, profits were estimated at USD999 million in the second quarter, up four percent from the same period 2013.
Chief executive Doug Oberhelman said: "While we'd certainly like to see improvement in economies around the world, and more specifically, the mining industry, the stability that we've seen this year has helped."
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