Advertising Console

    Weaker European economy pushed Philips to Q4 loss

    Repost
    euronews (in English)

    by euronews (in English)

    11.1K
    2 views
    Philips swung to a net loss in the final three months of 2011. It blamed cuts in government budgets for reducing healthcare equipment sales and said a slowdown in construction activity hit lighting demand. The net loss was 160 million euros, that compared with a 465 million euro profit in the same period a year earlier. ... http://www.euronews.net/