Semi-conductor sale boosts Philips

The divestment of its semi-conductor activities boosted earnings at electronics group Philips from €1.4 bn a year ago to €4.2 bn in the third quarter of this year, Philips said this morning. Turnover was up 1% at €6.3 bn but fell 5% in the group’s biggest division, consumer electronics. Sales of household equipment and lighting were up 18% and 16% respectively.

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