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Philips CEO Sees Operating Profit in 2003
Jan 9, 2003
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Dutch Philips Electronics NV said that CEO Gerard Kleisterlee expects operational profits in 2003, not a net profit as reported earlier. "We've booked an operational profit in the first three quarters of 2002 and I would be surprised if we wouldn't continue to do that throughout 2003," Mr. Kleisterlee said. (Reuters)

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