News Column

Royal Philips profits up

January 29, 2014

AMSTERDAM : Royal Philips NV has reported a return to profitability in the fourth quarter, with operating profits up in all its |main businesses: lighting, consumer appliances and health |care equipment. The company reported net profit of e409 million (R6.2 billion) compared to a loss of e423m in the same period a year earlier, when it was fined e509m for price-fixing in the television set market. Fourth-quarter sales rose 0.6 percent to e6.80bn. Cape Argus

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Source: Cape Argus (South Africa)

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