Tue, 28 Jan 2014 12:11:04 GMT
Philips profit advances as shares decline
Royal Philips NV, one the biggest consumer electronics companies in the world, reported a higher than forecasted profit for the fourth quarter of 2013. EBITDA surged 20% to 0.92 billion euro, as the CEO of the Dutch company cut spending for producing the medical equipment on declining demand. Now, Royal Philips NV stocks are plummeting 1.6% to 26.06 euro in