AMSTERDAM: Philips Electronics reported a 22% rise in its second-quarter operating profit yesterday, in line with expectations, and said it was on track to meet its sales and profit margin targets.
Europe’s biggest consumer electronics producer posted earnings before interest and tax (EBIT) of 302mil euros (US$415.9mil), up from 247mil a year ago, which compared with an average forecast of 308mil given in a Reuters poll of 17 analysts.
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