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Philips reports 85% on-year decrease in 3Q11 net profits

Siu Han, Taipei; Jackie Chang, DIGITIMES Asia Tuesday 18 October 2011 0

Low demand and consumption, in addition to the weak Euro, have caused Europe-based Philips to report significant falls in third-quarter 2011 revenues. Philips reported third-quarter net profit of EUR76 million (US$104 million), a 85% on-year decrease...

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