Tuesday, January 30, 2018

Philips Q4 Profit, Margin Up, Says Confident Of Mid-term Targets; But Stock Dips

Dutch consumer electronics giant Philips Electronics NV reported Tuesday significantly higher profit in its fourth quarter, reflecting gain from deconsolidation of Lighting as well as improved margins, while sales were flat. The company maintained its dividend, and also said it is confident on mid-term targets. Philips shares were losing around 3 percent in the early morning trading.

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