Philips Electronics announces 2Q profit

Philips Electronics has announced a second-quarter net profit of €42m, despite general expectations of a loss, with sales dropping due to weak consumer spending and the impact of the SARS outbreak.

Philips Electronics announces 2Q profit

Philips Electronics has announced a second-quarter net profit of €42m, despite general expectations of a loss, with sales dropping due to weak consumer spending and the impact of the SARS outbreak.

The electronics conglomerate stuck to all its restructuring objectives but has not issued a full-year earnings forecast.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited