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Philips second-quarter net profit growth of 13%

Dutch philips, May 27, in the second quarter net profit year-on-year 243 million euros (about 1.673 billion yuan) climbed 12.8%, to 274 million euros (about 1.887 billion yuan), net profit beat analysts' estimates of 107 million euros, mainly thanks to the philips healthcare sector revenue growth, consumer products and lighting business profitability improvement. Philips and published EBITA surplus year after the adjustment in the second quarter increased 27%, to 501 million euros (about 3.45 billion yuan), higher than analysts' expectations of 415 million euros, after the earnings release, philips early shares jumped 5.4% on Monday, the stock rose 3.7%, to 25.075 euros (172.68 yuan), the shares to rise 3.9% this year. Philips's medical business profit margins in the second quarter improvement, but was offset by the dollar and investment, and boost by restructuring measures, the company's consumer products and lighting business business interest rate rise. In addition, philips is still expected to moderate revenue this year

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