Tuesday, October 21, 2014

PHILIPS RECORDS a LOSS of 104 MILLION EUROS

Second, the company disclosed balance, this Monday (20), the manufacturer had a net loss of € 104 million, in the third quarter of 2014. In the same period last year, the profit was € 282 million. The net revenue of the company had a loss of 0.9% from July to September, to € 5.55 billion. Swing line already climbed 15.4% to € $ billion, already committing the result. In addition, the selling expenses advanced 2.6% and amounted to € 1.28 billion, but with research and development have been cut in 11.4% to € 398 million. "We tried to run things in a 2014 challenging, but we are not satisfied with our performance in the third quarter," said the President of Philips, Frans van Houten.
Giro News - 20/10/2014
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