Philips pleases shareholders

Philips starts to get good profit

In brief: Netherlands: Philips quarterly reporting exceeded analysts' forecasts.

Dutch electronics producer Philips said that net profit for the second quarter exceeded analysts’ expectations, reaching 262 million euro, while operating profit for the period rose from 118 million euros a year earlier to 527 million euros ($ 684 million), while revenue was at 6 2 billion euros.

Favourable due to improved performance in emerging markets.

Ukrainian Globalist
2010-07-19 09:29, Economics.

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