Home / Royal Mail / Philips’ Q1 Profit Plummets on Weak TV Sales (E-Commerce Times)

Philips’ Q1 Profit Plummets on Weak TV Sales (E-Commerce Times)

Royal Philips Electronics reported a sharp drop in first-quarter profits Monday, with falling television sales in North America offsetting growth in its healthcare and lighting industries. The company said its net income was about $347 million, down from about $1.4 billion in the first quarter of 2007, when it had reported a net gain of about $1.2 billion for selling a stake in a Taiwanese …

More: continued here

About admin

Check Also

Norway crown princess says she ‘deeply regrets’ Epstein friendship, apologises to royal family amid public backlash

OSLO, Feb 7 — Norway’s Crown Princess Mette-Marit said yesterday she “deeply regretted” her friendship …

Leave a Reply

Your email address will not be published. Required fields are marked *