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
Tue, 15 Jul, 2003 - 10:39

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.

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CourtsHeathrowPlace: EuropePerson: Chief ExecutivePerson: Gerard KleisterleeOrganisation: Philips ElectronicsOrganisation: PhilipsOrganisation: Philips'
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