philips' quarterly profits improve across the group - home appliances manufacturers in china

Philips, the Dutch healthcare, lighting and consumer appliances group, announced today that it grew nearly twice in the third quarter
Quarterly net profit, thanks to the improvement of the whole group after two years of reasonable distribution.
Net profit climbed to 281 euros from 105 euros a year ago, and sales rose 3% to 5 euros year on year. 62 billion.
A survey commissioned by Reuters analysts predicted sales revenue of 209 euros and net profit of euro. 74 billion.
"We are still committed to achieving our financial goals this year.
However, the continued headwinds of the global economy are expected to continue to affect sales growth in the coming quarters.
The operating performance of these three companies has greatly improved compared with a year ago.
Over the past two years, Philips has expanded its product range in large emerging markets such as India, Russia, China, Indonesia and much of Africa, reducing its dependence on the US and European economies.
It has sold most of its consumer electronics businesses, including television, audio and video businesses, where it is difficult to compete with lower-level companies
Cost Asian manufacturers and focus on more profitable household appliances such as soup machines and electric toothbrushes, as well as home and office lighting and medical equipment.
Philips also said it was 1 euro.
The 5 billion share repurchase announced last month will begin today.