Philips net rises on asset sales; chip results sag

Article Abstract:

Koninklijke Philips Electronics N.V. of the Netherlands posted 1.44 billion Euro ($1.74 billion) net profit increase, soaring by 23 percent. Even though sales of semiconductors and medical equipment were down. The consumer electronics manufacturer is the largest by revenue in Europe.

Netherlands, Company Profile

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Philips net rises, though dollar weighs on sales

Article Abstract:

Second-quarter net profit for Dutch company Koninklijke Philips Electronics N.V. rose dramatically to 1.57 bil euro from only 301 mil euro last year, due primarily to the sale of shares in Taiwan Semiconductor Manufacturing Co. for 1.22 bil euro.

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Philips earnings rise sharply, lifted by sale of chip-firm stake

Article Abstract:

Profits for Koninklijke Philips Electronics N.V. rose to $1.18 bil in the first quarter, spurred by its sale of a 3.4% stake in Taiwan Semiconductor Manufacturing Company Ltd. In Amsterdam, the firm's shares increased by 5.5%.

Semiconductors and related devices, Securities issued, listed, Taiwan, Semiconductor industry, Taiwan Semiconductor Manufacturing Company Ltd., Securities, Company securities

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