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Philips Reports Fall in 2Q Profit
Jul 14, 2009
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Royal Philips Electronics NV reported a 94% fall in net profit for the second quarter. Net profit was €44 million (approx. US$61.4 million), down from euro732 million. Sales fell 19% to €5.23 billion.

Among Philips' major operations, its health care division showed profit of €93 million, while lighting showed a loss of €57 million, and consumer products lost €9 million.

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