GE Transportation rang up sales of $1.56 billion during the second quarter of 2012 and saw profits grow 58 percent to $282 million.

“The second quarter was a significant one for us,” said Lorenzo Simonelli,” president of the Lawrence Park-based business of the General Electric Co. “We continued our record of double-digit revenue growth and built on our positioning as a global technology and manufacturing leader.”

Meanwhile, GE Transportation’s parent company, Connecticut-based General Electric, says its net income fell 16 percent in the second quarter because of losses in businesses it has divested and an increase in pension costs.

The conglomerate, with businesses ranging from appliances to financial services to wind and gas turbines, posted net income of $3.11 billion, or 29 cents per share, compared with $3.69 billion, or 35 cents per share, a year earlier.