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.
to Daily News