Philips Electronics Releases Fourth Quarter Income Report


According to overseas media reports, on Monday, local time, Philips Electronics released its strong fourth-quarter earnings report.

Philips' fourth-quarter earnings report showed that Philips' net profit for the quarter doubled from 680 million euros in the same period last year to 1.39 billion euros ($2.03 billion), and sales revenue increased 3.8% to 8.37 billion euros. $12.2 billion). Philips said the profit included 1.09 billion euros in stock sales and 404 million euros in other one-time expenses.

Philips said that the company's global business has achieved varying degrees of growth during the quarter, and profit margins have generally been strengthened.

From the perspective of the business sector, the Philips Medical Division's quarterly profit rate was the most prominent. In the case of a 2% decline in sales revenue, the profit still increased by 9.9% to 322 million euros. In the quarter, Philips Lighting's sales revenue increased by 14%, profit growth of 34%, and profit of 170 million euros. The consumer electronics division's sales revenue increased by 7%, with a profit of 233 million euros, unchanged from the same period last year.

From a regional market perspective, Philips' European market sales grew by 11%, while the US market fell by 10%, while emerging markets showed strong growth. "We believe that the economic environment in 2008 is still not optimistic, especially in the North American and European markets," Philips said in a statement.

When it comes to future emerging market operations, Philips said "new products and recent business acquisitions will ensure that Philips continues to grow in emerging markets."

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