Revenues of 5 billion 860 million euros, PHILPS Q2 earnings

Royal PHILPS (Royal Philips N.V) on Monday announced second quarter earnings, thanks to cost saving benefits appear thanks to PHILPS quarter profit is not only better than expected, and the second half is expected to continue to improve.

PHILPS quarter adjusted earnings before interest tax depreciation increased by 8.6%, to $544 million ($596 million), better than analysts average estimate of 519 million euros. PHILPS CEO Houten (Fransvan) said in a statement, the second half of the profit outlook is still promising, but also to maintain a concern about the uncertainty of the market increase.

In the face of Chinese competitors PHILPS menacing, in addition to strengthening product features to enhance the technology, and also take the austerity measures to maintain profitability, a wealthy, influential but modest person. Although PHILPS's quarterly battalion closed down from 5 billion 970 million euros last year to Euro 5 billion 860 million, but the distribution of pure interest from the euro rose to euro 0.46. (the agency)

PHILPS in the lighting industry into an independent subsidiary of Lumileds, on the one hand, to expand the health services business, on the other hand, trying to resell LumiLEDs. Although on the block, had a good talk about Lumileds sold to Chinese Jinsha River (GO Scale Capital) that has been determined breaking, but PHILPS has not changed the idea of selling Lumileds.

According to Reuters news, PHILPS lighting (Philips Lighting) recently announced the second quarter core profit growth of 16%, and to maintain the full year fiscal.

PHILPS lighting in the second quarter revenue fell by 6% to $1 billion 700 million, adjusted interest, tax and amortization of profit (EBITA) is not adjusted to $161 million. This is the first time the company as an independent company announced results.

PHILPS lighting in May spin off from PHILPS, PHILPS holds a 70% stake in PHILPS lighting.

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