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General Motors Co. lost $4.3 billion US in the last half of 2009, the automaker reported Wednesday, noting it sees a chance of making a profit this year.

GM reported revenue of $57.5 billion US for the last six months of 2009. (Paul Sancya/Associated Press)

GM’s earnings aren’t comparable with previous years because the company has been restructured during bankruptcy protection. It emerged July 10, using fresh-start accounting, which allows companies to completely revalue their assets after bankruptcy protection.

GM said it earned $109 million in the period from Jan. 1 to July 9, under old accounting.

The Detroit company reported revenue of $57.5 billion for the last six months of 2009. That compares to $47.1 billion in revenues in the period from Jan. 1 to July 9.

GM, which remains the largest car company by sales in the U.S., saw a slight gain in U.S. market share in the first three months of this year compared to a year ago.

The U.S. government has given GM $52 billion in aid and has owned 61 per cent of GM since its emergence from bankruptcy. Most of that will be repaid when GM makes a public stock offering, but the company has pledged to repay $6.7 billion in cash.

GM made a $1 billion payment to the U.S. government in December and another $1 billion payment in March.

GM’s new chief financial officer Chris Lidell said last month that the company still hopes to repay the entire $6.7 billion before June.

With files from The Associated Press