Arab Today, arab today philips reports rise in sales profit in q4
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Philips reports rise in sales, profit in Q4

Arab Today, arab today

Arab Today, arab today Philips reports rise in sales, profit in Q4

The Hague - AFP

 Dutch technology company Philips announced a rise in sales and net profit in the fourth quarter of 2013, according to figures published on Tuesday. Net income amounted to 412 million euros (562 million U.S. dollars) in the fourth quarter, compared to a net loss of 420 million euros in Q4 of 2012. Group sales amounted to 6.7 billion euros, an increase of 7 percent on a comparable basis. Net 2012 income was impacted by a European Commission fine and charges related to various legal matters. Restructuring and acquisition-related charges were also higher in 2012. "The fourth quarter of 2013 was another good quarter for Philips, despite the challenging economic environment and ongoing currency headwinds," said CEO Frans van Houten in a press release. "In the quarter, lighting and consumer lifestyle both delivered strong comparable sales growth of 8 percent." In healthcare, comparable sales increased by 4 percent, while order intake declined 1 percent as a result of weak markets in the United States and Europe. "The operational profitability of all sectors improved substantially, driven by good sales growth, gross margin expansion of 2 percentage points," van Houten said

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 reports rise in sales profit in q4 Arab Today, arab today philips reports rise in sales profit in q4

 



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 reports rise in sales profit in q4 Arab Today, arab today philips reports rise in sales profit in q4

 



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
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