Arab Today, arab today philips posts 80 jump in q1 net profit
Last Updated : GMT 12:04:57
Arab Today, arab today
Arab Today, arab today

Philips posts 80% jump in Q1 net profit

Arab Today, arab today

Arab Today, arab today Philips posts 80% jump in Q1 net profit

The Hague - AFP

Dutch electronics giant Philips posted on Monday an annualised 80 percent leap in first-quarter net profit owing to one-off items and a small increase in sales. A Philips statement said that net profit jumped to 249 million euros ($329 million) in the three-month period, on sales that were four percent higher at 5.6 billion euros. Analysts polled by Dow Jones Newswires had forecast slightly weaker sales of 5.4 billion euros, and Philips shares shot higher in morning trades on the Amsterdam stock exchange. The net result was boosted by sales of Philips\' US food subsidiary Sara Lee, the coffee machine brand Senseo and real-estate assets. Core earnings gained 37 percent from the same period a year earlier, to 438 million euros. Philips remained cautious regarding the outlook for 2012 as a whole however. Executive director Frans van Houten underscored \"uncertainties in Europe, particulary in the healthcare and construction markets, and the slowing growth rate in the global économy.\" Philips also face restructuring charges stemming from a cost reduction programme unveiled last year. The company has been known for its televisions, small appliances and lightbulbs, but has begun to develop activities in the medical equipment sector. Shares in Philips showed a gain of 3.45 percent to 14.835 euros in morning trading in Amsterdam, while the AEX index of leading stocks was off by 2.33 percent overall.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philips posts 80 jump in q1 net profit Arab Today, arab today philips posts 80 jump in q1 net profit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philips posts 80 jump in q1 net profit Arab Today, arab today philips posts 80 jump in q1 net profit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday