Philips says earnings more than doubled in Q3October 22, 2012 - 10:48 AMT PanARMENIAN.Net - The Dutch lighting and consumer electronics maker Royal Philips Electronics NV says its earnings more than doubled in the third quarter, thanks to modest growth at all its business lines — and the disposal of its loss-making television business, The Associated Press reported. Net profit was €169 million ($220 million), up from €74 million in the same period a year ago, when Philips booked a €54 million loss on the television business. Sales rose 3.4 percent to €6.13 billion. Philips, the world's largest lighting maker, said nearly a quarter of all lights sold are now LEDs. The company's performance differed strongly by geography. In mature economies sales of consumer products and lighting sales dipped but sales of medical imaging machines grew. In developing economies sales were up 10 percent in all categories, Philips said. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |