Philips sales increase in Q3

Electronics giant Philips booked sales of €6.5bn in the third quarter of this year, a 7% increase on the year-earlier period.

The results of Philips’ medical systems division was again disappointing, the company said. This was largely due to difficulties on the US market, where healthcare spending is being cut.
Pre-tax profit was up from €71m to €438m, better than analysts had expected. The year-earlier figure was largely due to a one-off tax charge.

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