Home / Royal Mail / Despite US Slowdown, Philips Profits Nearly Double (TechNewsWorld.com)

Despite US Slowdown, Philips Profits Nearly Double (TechNewsWorld.com)

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 relatively constant.

More: continued here

About admin

Check Also

You’ve got 20/20 vision if you can spot the peacock in under 10 seconds | Weird | News

Peacocks aren’t known for being the most inconspicuous of creatures, but this sneaky bird could …

Leave a Reply

Your email address will not be published.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