General Electric has managed to get an impressive first quarter profit and market expects believe that the company has returned back to the track of recovery. The financial arm of General Electric, GE Capital Service has recorded the most imposing figures for the first quarter.

GE Chief Executive Jeffrey Immelt has informed that the company had a very awful time in the preceding quarters but the trouble can be ended any time. He has also said that despite some horrible loss, the company has earned $607 million in the first quarter. GE has also managed to reduce the quarterly losses, delinquencies and non-earning assets for the same period of time.

Immelt has also informed that the GE capital is focusing on to strengthen the franchise opportunity. The GE Capital franchise has seen the maximum growth with some solid earning.

The conglomerate's earnings have reached to 21cents per share in the first quarter which the analysts have expected to be at 16 cents per share. As per Immelt, GE Capital has made the most impressive growth record after some disappointing performance throughout financial crisis and recession.