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Philips Made euro200M Profit in Q1

April 19, 2010 By Leave a Comment

Philips

Royal Philips Electronics NV on Monday reported a strong rise in sales and a return to profit in the first quarter, thanks to a good performance by its lighting division. Philips is the world’s largest lighting maker.

The company said net profit was euro200 million ($270 million), from a loss of euro59 million in the same period a year ago. Sales rose 12 percent to euro5.68 billion.

Analysts polled by the company had estimated net profit at euro109 million.

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