Philips third quarter net profit triples to 6 million, but sales slump by 11 percent

Philips third quarter net profit triples to 6M AMSTERDAM ? Royal Philips Electronics NV reported net profit of ?174 million (6 million) for the third quarter on Monday, three times the depressed levels of a year ago, due to cost-cutting measures. In the same period in 2008, the world’s largest lighting manufacturer had reported profits of ?57 [...]

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