Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Royal Philips Third-Quarter Loss Narrows
Oct 15, 2002
 Printable format
 Email this Article
 Search

Royal Philips Electronics NV posted a narrower loss in the third-quarter, helped by cost reductions. The European consumer-electronics maker stuck to its full-year profit outlook.

The net loss was 330 million euros (U.S. $326 million), or $0.25 a share, compared with 736 million euros, or $0.57, a year
earlier. The company took a 339 million-euro writedown on its stake in Vivendi Universal SA, Chief Financial Officer Jan Hommen said.

The Amsterdam-based company is cutting capital spending by more
than half to about 1 billion euros this year and announced plans
last week to disband an unprofitable unit that makes displays and
speakers for mobile phones. Philips has shed more than 15 percent of its workforce in 2 years to counter a slump in demand for semiconductors and parts for handsets and computers. (Bloomberg News)

Back to Daily News

 

Daily News

...........................................................

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows