Royal Philips Electronics strengthened its lighting and energy business while tapping into emerging world markets to offset big losses in the United States, according to its fourth-quarter earnings report released on Monday. Philips’ net profits grew quarter-over-quarter from about $982 million to $2.01 billion even as its sales numbers remained …
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Read More »Despite US Slowdown, Philips Profits Nearly Double (E-Commerce Times)
Royal Philips Electronics strengthened its lighting and energy business while tapping into emerging world markets to offset big losses in the United States, according to its fourth-quarter earnings report released on Monday. Philips’ net profits grew quarter-over-quarter from about $982 million to $2.01 billion even as its sales numbers remained …
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Jan. 21 (Bloomberg) — Royal Philips Electronics NV, the world’s biggest maker of light bulbs, said fourth-quarter profit doubled on record revenue from energy-saving lighting and gains from selling shares in a chipmaker. More: continued here
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