Philips reports profit rise driven by growth in diagnostics - electric toothbrush

Dutch health-Amsterdam
Technology company Royal Philips NV 9.
Second-quarter profit grew by 8% due to growth in the diagnostic business, although inventory problems in China prevented revenue.
Adjusted pre-interest, tax and amortization earnings rose from € 439mil a year ago to € 482mil, Amsterdam-
The US-based company said in a statement yesterday.
Sales increased by 4% euros on a comparable basis.
29bil, under the company-
Compilation estimates of 4 euros. 32bil.
When the diagnosis and treatment part is released
According to the personal health business report, the decline in the number of orders in China "is mainly due to the consistent inventory of our dealers and the decline in demand in the air purification market.
"Due to Brexit and other political issues, the company continues to warn of potential volatility.
Dutch chief executive Frans van Houten recently warned that the Dutch company could move manufacturing out of the UK if the Brexit situation is grim. This result will therefore pose a "serious threat" to the viability of its operations in the country ".
Philips promises to increase sales and increase profit margins after refocusing its business on the health sector --
Exit from the manufacture of products such as bulbs, televisions and CDs, while providing care equipment and services.
Dutch companies compete with GE and Siemens to sell X-
Ray and scanner in the electric toothbrush market and P & G.
The company reiterated that by 2020 it aims to increase comparable sales by 4% to 6%, while the adjusted Ebita profit margin increases by 100 basis points per year. Besides bolt-
In terms of acquisitions, Philips is working with hospitals to provide a range of medical devices, software and services to increase revenue.
Announced twice last month.
Signed a long-term strategic cooperation agreement with the German hospital group. —