AMSTERDAM: Royal Philips NV’s second-quarter profit rose more than expected on cost savings and the Dutch healthcare equipment maker said earnings will improve in the second half of the year.
Adjusted earnings before interest, taxes and amortisation jumped 8.6% to 544 million euros (US$596mil), the Amsterdam-based company said in a statement yesterday. That beat the 519-million-euro average estimate of analysts surveyed by Bloomberg.
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