Philips earnings gain on cost cuts
China Daily | Updated: 2009-10-13 08:11
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Philips' shares rose 5.7 percent yesterday in Amsterdam to 18 euros. Bloomberg News |
AMSTERDAM: Royal Philips Electronics NV reported net profit of 174 million euros ($256 million) for the third quarter yesterday, three times the depressed levels of a year ago, due to cost-cutting measures.
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