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Philips profit rises as consumer, lighting margins improve

Balint Porneczi | Bloomberg | Getty Images

Philips, the lighting, consumer and healthcare products company, said on Monday its second-quarter net profit rose to 274 million euros ($301.6 million) on sales growth at its healthcare unit and margin improvements at its consumer and lighting businesses.

The company said net profit rose 12.8 percent to 274 million euros in the second quarter from 243 million euros in the same period a year earlier.

That was above the average of 107 million euros in a Reuters poll, with individual estimates of nine analysts ranging from 55 million euros to 142 million.


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