Philips posts surge in net profit

Article Abstract:

Koninklijke Philips Electronics N.V. of the Netherlands net profit for the fourth quarter has more than doubled to 680 million Euros ($881.5 million) up from 332 million Euros last year. Revenues were due to the sale of a subsidiary and favourable taxation. However, sales of consumer electronics were down.

Company overview

---

Medical unit weighs on Philips

Article Abstract:

Third-quarter net profit for Dutch firm Koninklijke Philips Electronics N.V. fell to $469 mil; however, last year's figures were affected by a gain from the selling of the company's semiconductor business. Sales this year increased by 3.3%, shares rose by 5.7%.

---

Philips raises profit-margin targets

Article Abstract:

Dutch company Koninklijke Philips Electronics N.V. has raised its target for earrings over the next three years, from 7.5% to 10%. The firm cited product mix improvements and recent acquisitions as growth drivers. Philips had $37.17 bil in sales in 2006.

Forecasts, trends, outlooks, Company business forecast/projection, Company forecasts

Similar abstracts:

• Abstracts: Deutsche Bank's net profit triples, helped by strong capital markets. Deutsche Bank's net rises 29% on strong commission income
• Abstracts: Ryanair's posts 26% rise in net amid surging nonticket revenue. Ryanair net drops on high fuel costs
• Abstracts: Gazprom posts 6.4% drop in profit on warm weather, operating costs. Gazprom net rises on strong demand in Western Europe
• Abstracts: Deutsche Telekom buys stake in OTE. SingTel's net profit climbs 3.3%: regional associates offset margin squeeze in core operations
• Abstracts: SAP warns on costs of a simpler product. SAP's results calm concerns among investors over strategy. SAP trails nimble start-ups as software market matures

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.